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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (246730)	5/5/2010 1:03:54 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

I reconsidered, and put back on some GDX short call hedges. In the bigger picture, we've completed 5 waves up in the SPX. This (selling) isnt' gonna be over in a week or three, it should be a multimonth correction of at least fibo magnitude. Which is to say, considerably more down before new highs. I lightened up on my Orkriouscan long NGD position by about 1/3 at 5.72-5.76. Love the company but they've got some headwinds with the credit implosion ongoing. If they make new 52 weeks I'll reconsider putting it back on.