Tuesday, September 18, 2007

The FED Hates Short Sellers...

Wow. Well, so I covered my shorts and got long. Party on.


bloggerdotcom said...

As I said, don't worry - today's gain will be wiped out after the headline becomes, "There must be something seriously wrong if the Fed had to cut by 50 bps...."

Dinosaur Trader said...


Yeah, I don't know. It's tough to be bearish here. I'll watch volume closely over the next couple of days.

I guess it's possible that was a gigantic short squeeze, but it'll be hard to get sellers now because they're all completely freaked out.