Monday, February 4, 2008

And here comes the crash, well maybe.

I am all excited because the markets are down and I don't feel so bad about putting on hedges. I really wished I had been able to short XHB. Instant 8% right there. Oh well, all my consumer discretionary are tanking (AEO, BBBY, HD) as well as many of my financials (WB).

I am short a bunch of the near month in the money calls so today is not bad. I am still losing a 5% on my portfolio but given the leverage I am using, that's a good day.

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