After dropping two percent yesterday (not bad considering the absurd 300 point move) and starting the day down another one and a half percent I'm rallying the troops. Too many names out there putting in short term bottoms for me to be a seller. Most of my shorts have been taken down (mostly yesterday morning) and I have replaced them with a number of longs.
Got long RIMM, UAUA, MCHP, RTN and ITW, all of which are breaking out. Also shorted some GIFI off of a head and shoulders top.
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