I'm at the Las Vegas airport again, having spent fewer than 24 hours in this city. I'm heading home, having had a wonderful dinner and (smaller) lunch with Slopers.
Here's a snapshot of a few of us after lunch; they are, from left to right, Biffermas, Giledain, Leisa, Tim, Market Sniper, and Vittorio.
As for my trading recently, it's been along these lines the past week:
Last Monday – losing day, but confident being short; built up positions;
Tuesday – best trading day of my life;
Wednesday – another good trading day;
Thursday – another good trading day, although in spite of the mega-plunge, not as good as Tuesday;
Friday – another good day; 4 in a row!; trimmed from about 130% commitment to 25% commitment
Monday (yesterday) – the streak is broken, with a loss similar to last Monday's, but considering the Dow was up over 400 points, the loss was relatively small (thanks to small portfolio commitment). Substantially beefed up short positions during the day.
Tuesday – a good solid profitable day, and – – during its higher moments – – an opportunity to beef up shorts even more. I am now back above the 130% commitment level, with 163 – count 'em, 163 – short positions.
Congratulations to the gold folks out there, particularly fans of miners. The GDX was just sensational.
I'm getting on the plane soon, so I think I'll spend some time looking at the past day's worth of comments.
