Monday, September 12, 2011

Pre-market 12-SEP-11

Looks like my instincts were right. The greek crisis and no positive news during the weekend have spurred another selloff. The stock i shorted on friday is already 2% below its closing price. Even though there are no positive news in sight, i am wary of a snap back buy rally when the SPX reaches 1125 or less, so i will keep and eye and probably cover today.

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