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


To: bentway who wrote (256903)6/26/2010 10:02:10 AM
From: THRespond to of 306849
 
bw,

It should have ended weeks ago. It was LUCK.

About two or three weeks ago we had that Friday selloff. The day before I was way down on a short position and a friend (also short) said, "well, there is always the chance that some idiot in Euro will say something stupid". That happened, exactly and much more stupid than I could have ever hoped for. That short position reversed that morning and payed big, but it was luck. Nothing more. Luck.

GT
TH