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MysteryTrader's Commentaries

Sep 22 2006

holding short and selling more on price strength

by MysteryTrader
Overall Rating: Average rating is: 0 stars.

Earnings warnings from Boston Scientific and KB Home might help sustain the new downside trend direction.

Therefore, I am holding shorts and selling more stock indexes short on minor price strength.

The economy now looks weaker than generally expected, and that is hurting stocks and helping bonds. I had to cover bond shorts at a loss and would not bet against bonds' price uptrend at this time.



Tags: economic-events
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