Thursday, September 4, 2008

Sold all

I sold all of my Long (stocks) positions. Stocks (or indexes) were in a range for a long time and they broke down (ES' 1260) with a really big volume. I can tell a lot of big money flowing into the short side and this indeed seems to be a new leg down to test and break the 52-week low.

I have an order in Natural gas, but I don't think I'm gonna get filled unless it comes close to 6.7-ish. LB is doing nothing as usual. I might have to sell Nov puts since time decay is significant on Oct contract.

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