Monday, November 30, 2009

market takes

I continue to lose money every day -- ever since the market turned... I have not adjusted to the new weakness.

 The inverse ETFs kept trapping me and the long positions kept dropping.

 Down again big this morning.  I bought several long positions and they are all quickly losing money.

 The only small exception is a breakout name:  XODG -- strength is doing okay.

 PUDA - one of my favorite coal names... is down big as well.  I just tried to buy some today but the bid bounced back up.  This may be a sign of strength/bottom.  

 With a weak market - I need to keep stops in place and remain mostly in cash.  The correct play is shorting now.

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