No New Short Positions For Monday

July 28, 2007

I am still on vacation and since we have not had a rally followed by a failure I am still not shorting stocks. I will begin my bear operation only after we fail a rally here. You do not want to short now after all this extreme fear has been built up and so many charts are down so much from clearly safer times to be short. It sucks that I missed the financials but, trust me, if this is a start of a bear market we will have plenty of time to get short.

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