There was nothing even remotely close to being a safe (near the averages) short that fit the criteria that I must have in a short. We did hit two homeruns yesterday and I think we should brag as it is about time. RIMM fell 28% since my short and SDA fell 46% since my short. I covered some into the drop but expect further erosion of prices in the near term with so many UGLY charts and so few nice looking charts are disturbing in that it feels like it will be a long time before we are moving higher again. Short-term rallies are fine but the ultimate big trend is down, down, down.
new short positions: none
none
