If you're short, I'm the sucker going long....: short covering into the close

Thursday, July 3, 2008

short covering into the close

I think... not only that we sold off as they shorted the open... the uptrend was just covering....

Moreover more short covering into the close.

2 comments:

new comer said...: agreed, this rally is not a solid one, this is just the short covering as obviously most who are short selling are making big money and they just want to lock up its profit before the long weekend.

Not sure how next week run - anyway, have a good weekend and chat with you later.; July 3, 2008 at 1:36 PM
Eric said...: I think the way to trade it is just to expect sudden reversals constantly.

Thanks, you too, have a great weekend; July 3, 2008 at 1:38 PM

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