27 February 2007

Call 911!

So selling continues unabated into lunch with the S&P hitting 1428 down almost 25 points, the Dow down some 185 and the Nasdaq down 47...I hate being on the wrong side of things here but with my little weekend holiday and entering the morning flat, dipping my toe in here on the long side may still prove to be the right thing to do over the next few sessions. Sure doesn't feel too smart at the moment. For now I'm just going to sit with my small MER call position and see what the afternoon brings. I still expect a bounce in here be it today or the morrow...jfg.

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