Well, it's Friday the 13th and yesterday I was gobsmack by our market strength and got caught short early but keep shorting the darn thing above 3500 come out good in the close and overnight as well. Nice recovery trade on S&P long help the piggy bank as well.
It's looking like we'll open up this morning and if it does, I'll be shorting it again as we had a few strong positive days and while the Dow recover 200 points from the low in the last hour on another knee jerk reaction about mortgage bail out plan. Oil is down big time and base metals are off around 1% each.
With Mr Sheen's stimulus package been rejected in the parliament yesterday after our market close and talk of ANZ & NAB might need further equity raising. I hope spi will open high and get to yesterday high of 3518 for me to short it again.
RIO recover nicely after down over 12% but share price has ran hard prior to Chinalco deal.
Short on open if open strong and trading short focus for me today.
Good luck all.
Well, it's Friday the 13th and yesterday I was gobsmack by our...
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