Wednesday, May 22, 2013

Shorts? Not yet.

Someone may want to ask if I loaded shorts in a down day like this.  My answer is no, because stocks do not go directly from an uptrend to a downtrend. there is usually a noisy range-bound period of distribution in between.  In a such consolidation period, both longs and shorts got whipsawed. I will not be surprised to see a strong bounce tomorrow, which will make today's short sellers not so professional:)

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