Dec 9

It’s time for the short squeeze to stop. With the terrible news from FedEx, Texas Instruments, Sony, Con-Way, Sirf and National Semi after the closing bell yesterday, I can’t see how anyone would buy a stock today. Let’s not forget that we are up 1000 points on the Dow. Only someone forced to buy (short squeeze) or someone that just doesn’t get it would buy today. Plus we are at the top of a range. I added to my shorts after the bell yesterday and I’m looking for a sharp turn. Let’s see if the Government comes out with another billion dollar program to blow my move out of the water….for a couple days.