Wednesday, May 4, 2011

I'm am flat and waiting

I liquidated all my positions today at the open. Some for quite a large loss like my short call spread position on the treasuries and others where I gave back a good portion of gains like my RUT call spread. I just don't like the way some of the assets are behaving and all of the tightening talk overseas as well as the continuing rally in treasuries which implies some nastiness ahead. I'd rather wait it out.

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