why sold down today, page-41

Gunntrader,

We bought a small parcel of these during the week to add to our existing long position. We have hedged a portion of the holding with derivatives as I too was concerned about a pullback given the recent strength.

I am still of the opinion that this has been one of the bargains of the credit crunch.

We are long term investors and don't trade based on T/A at all, although I have a lot of respect for those who do.

I am interested if you have a feel for when the pullback may come, what level it will go down to and what from a T/A perspective you base this on. Appreciate any info you can give.