Morning Trade Breaks Even

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August 20, 2007

I took my shorts mostly off the table this morning and soon after I did, the market tanked. I was feeling dejected, but later towards the last hour and a half there was a nice rally and I felt vindicated! Then the financials started dropping and the rally fizzled a little bit, but still closed mildly higher. I basically saved myself a little bit of money by cashing out of most of my shorts.

I threw the whole enchilada on at the close though back to the short side and I’m definitely feeling nervous about it.




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