Tuesday, November 25, 2008
Nov 25
I’m giving SSO a chance to work a little harder for me but I will sell it very quickly. We may get a couple more shorts covering and train jumpers but there can’t be many. Plus everyone wants to short this rally. I’m licking my lips at American Axle’s rally of 38% yesterday to the level I shorted a couple weeks ago. Any headwinds will knock AXL down 25% in a heartbeat. We are going to retest the new low 745 on the S&P 500 and ultimately break it. So start scaling into SDS. Any rally today is a gift. So take it!!
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