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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (68679)	9/6/2007 2:09:10 PM
From: ballsschweaty	Read Replies (1) \| Respond to of 116555

I see. You and Russ Winter could be filthy rich if you wanted but you're too righteous and have chosen to forego the money you could have made. Right. Here's Russ' last post on this thread in June 2003: Message 19011730 I've been gradually increasing (and averaging up) my short exposure in the financials as this rally has progressed. I finally went with an additional "what the fuck" (and I mean exactly that) shorting flurry last week after spotting the big drops in the RP pool. I have clearly missed picking a top and the duration of this rally, but the financials are: CFC, GS, JPM, LEH, MER, C, MBI, and MTG. I also shorted LOW per our last exchange at around 46,and didn't cover on the swoon below 40. I'm looking for more retailer shorts as I think they hit the fan on sales, bloated inventories, and excessive stock price valuations. I have a bunch of naked QQQ calls sold, and actually somehow (time decay) have been able to dodge a serious bullet on them. I'm hopeful after the reversal Friday. Just about all of the names Russ mentioned that he shorted tripled or even quadrupled subsequently. I hope he had the sense to put in stop losses. I think he started his blog writing career after this shorting venture blew up.