Tuesday, March 6, 2007

Good Morning World

Looks like the Yen Carry Trade is back in style. I was able to unload 25 shares of my 200 of FXY in the premarket at $86.23. I had a good laugh at that. I mean by all indications, the FXY should gap down this morning, yet somebody decides to buy 25 shares at only a .22 cent discount off of yesterday's closing price. Anyway, this morning I will look to dump my index shorts and my FXY and go long a few stocks. I'm not saying I'm bullish. I'm saying we are due for a bounce. My overall sentiment is bearish. This bounce will be sold, but it might not get sold until tomorrow, or Thursday.

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