Classically Trained, for the Revolution

Thursday, February 19, 2009

Sans Hedge - bring on the red meat!

Stopped-out of SSO, 19.66 (poor stop selection) and added LOPE short, ave. 17.36 (the education group is breaking down today, following ESI's 10k last night and the mention they had to expand their unsecured loans).

Over-trading this SSO-insurance cost me today, but I'm still well in the green and back to the bloodwagon now once more. I'll continue to (re)protect if the market exhibits strength, as I have too many names short to play rope-a-dope in a counter-trend (whereas I can unload the insurance very quickly (single position) when the pigs begins to squeal).

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