Category Archives: Shorts

Out of Gas

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I’ve mentioned my fondness for the auto sector recently. Oddly for me, this is based more on something I read than something I saw in a chart, because about a month ago I read a very compelling piece about how the auto makers had gone completely over the top “stuffing” sales throughout the world, relying heavily on subprime loans to do so. It made intuitive sense to me that sales would eventually suffer, since they were basically pulling the same thing home builders were in 2004-2007. Anyway, it’s starting to show with General Motors…..

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How Do You Like THEM Apples?

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Well, now that I’ve recovered from the 20 minutes of the DNC I watched tonight (including Earth’s Worst Rendition of “Bridge Over Troubled Water”), I thought I’d toss one last post into the hopper to end the day: Apple. They report after the close tomorrow, and I’ve got a big short position in them. My view is that Fibonacci is going to act as a wall (green tint). We shall see. G’nite.

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