Wednesday, August 15, 2007

Another down day

Another terrible day for the longs. My positions take another big hit. So far this week has been the worst one of the year for me. My buying strength in a weak market is generating percentage huge losses. The good news is that positions have been hedged or small or both. I will live to fight another day. Right about now, my portfolio is battered and bruised, despite a huge cash position.

Positions: long HANS, hedged long IWM, DE

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