I covered part of my [[LEH]] short, buying 2,000 @ $55.22
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Joined Nov 10, 2007
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That’s right. You know today is going to be a bounce. The market (Naz) imploding nine days in a row is very unlikely, although it could happen.
It comes down to probabilities and reversion to the mean. If the market continues to sell off, I think you can accurately say it is “oversold”, due to emotion.
At some point soon it will correct up.
The market is “up” right now.
Do not incur my wrath, man from Texas.
good move …. can put it back out soon enough