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Well they've held the day, but frankly... it's sort of odd, almost
strained. We are up 355 points, but that's no better than we were
at 6 hours ago.
I have NOT covered my DIA short, and I did buy
I knew today would be a choppy mess, but frankly I didn't think
we'd see this sort of action. The DOW fell from - 50 to - 274
points in about 11 minutes. That's not chop, that's panic and fear.
The down volume
I have been in and out of the SPY several times and frankly
it's been a lot like "work". I made a dime, lost a nickle and now
on this last run I am up about 30 cents
It's certainly not
I have covered 1000 shares of my DIA short.
Here's the deal..
When we lost 110 on the DIA's I went short 3000 shares, thinking
I'd make a decent quick few cents. Well, when we got down to
The market just had three programs fire off and now we're up 134
points. Sure it's all on air and hope, but hey, up is up.
I took ATHR as it was crossing 40.00 and I got filled on a dip
They tried their best to blow off all the bad news, but in the
past few minutes we dipped hard, now with the DOW off 42. I
suggested this morning that I felt they were really struggling here
Well the big market plunge over Portugal getting it's debt looked
at, in conjunction with Goldman getting their butts grilled was a
good reason to take some money out.
I bought back half my DIA short. I had 1400 shares