Wednesday, June 06, 2007

Turbulence

Well the long awaited selling is finally here. I had to bail on a couple of longs I had and take a little loss. Still holding ddm and sso and so far regretting it. Reit's and Utilities getting killed. Went short with qid, but the way things have gone with these etf's I doubt that I will make very much if anything. Will the dip buyers re-appear? I say not to the extent that they have been. I won't be doing any buying today. Will have to see things stabilize a little first. Sitting about 40% cash.

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