Wednesday, February 18, 2009

Oily Rags (horrible on the tape)

I'm accumulating oil-sector shorts. Into XEC, SGY and working CXO.

I scaled out of GS earlier and moved-into POT (long) to replace (just a trade for temporary hedge)...not even a promise ring on this one, but more like a liquid name showing real strength today (perfect action for a brief hedge).

Also added HST short today (that one a REIT from the Spiral Viral Death List over the weekend)

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