Monday, March 23, 2009

Bears pinned!


Flexibility is the name of the game.I had been a stubborn bear for the last week or so.Many time forcing bearish trades and getting stopped out at many instances.Even though my losses were limited not making money while market kept on going higher was frustrating.Even though printing trillions out of thin air and risking our future generation does not really make sense.But hey this is what the market wants to hear why should I fight it and not make money.I'll take some off the table tomorrow if we do rally again.In case of a pull back I 'll have my stops in place.TNA, BGU and FAS are on my radar. But I am not risking going short because the bulls have the bears pinned!

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