Friday, January 22, 2010

Thank you FXP, goodbye for now...

You make 13+% shorting a bubble? Well, you may be selling out too soon or you may be taking sensible profits while not getting greedy. Either way, China short etf FXP is now in the books as it is getting short term over bought.

I would love to add back shortly, as markets are nearing potential bounce levels.

For now, I remain short other items, and long volatility. Also, added back a premier gold miner today. Looking for other opportunities.