Stocks fell WAY TOO MUCH ON Monday to be in any safe position for a short. Therefore I need prices to continue to rally back to the key moving averages that still are within 15-20% of their 52-week high that I want to short. I will not short stocks that have already lost 75% of their value–duh!! doink!–like some people have asked me if I would short this or that. FACE up and realize that you missed it. I took over 40 different shorts since the November top. If you missed this move, you have to wait. Think of all the ignorant market players that took shorts this morning. Nice job. I covered right into them. I am still short 22 stocks. I am not losing my positions in my good shorts that still look like there is a TON of downside coming. Learning from the past can really help you in the future. Some of you should take that to heart and actually listen to me and learn this. I am just trying to help you.
new short positions: none
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