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Party Time
Feb 06, 2010

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Tim Knight

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I gave my solemn word that today would be interesting, and I believe that pledge was honored. The final two hours of today was absolutely bananas. For myself, today was along these lines.......


+ Trimmed my bearish commitment to about 50% by covering a bunch of shorts (down from as high as nearly 100% yesterday)

+ Made a series of bullish day trades in GDX, DIA, UWM, and IWM, mostly with success - - but particularly with GDX (I am not holding any of these positions, although I am long SLV).

+ Tightened my stops up on my remaining bearish positions to "sleep well at night" levels.

This was an amazing week, but I, for one, could really use a break from charts and flashing quotes. So open something up, turn your screen off, and go relax!


 



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