Going into the 889-pt rise in the Dow we had 3 short positions on. It’s never pleasent to be tilted all one way but its the best play in this enronment and we need to take the good with the bad. It wasn’t long ago we had been on the right side of dramatic moves.¬† Whilst no positions were stopped out we had 105 MIR shares removed due to the new SEC laws. These were removed at $15.00, which in hindsight was a blessing. Why 105 of the 142 I have no idea and it’s never occured before, but then again these are new laws. So we’re now left with 37 MIR and the two other positions. No new setups for tonight but this kind of strength helps some new opportunities come our way. We still want to be a seller of strength whilst the weekly trend is down.
Here is how the account stands:
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