Having this clutch of long positions is making today a lot more pleasant for this almost-always bear. I wanted to offer an example of the kind of long I'm holding – Arch Coal, shown below. I think it has the potential to get as high as about $22 or so (thereabouts…….) before reversing. That is a very substantial percentage move from its levels of yesterday, where I bought it, and I'm up 8.41% on the position so far.
I will emphasize this over and over and over again – – I believe the Oh My God Short Everything opportunity is coming soon – maybe within days, but no more than a few weeks out – and I intend to have as many as 300 short positions at that time. Until then, I'm playing it 50/50 bull/bear, looking for the best opportunities in each.
I've been stopped out of many short positions already today, but that's what stops are for.
