F driving off cliff.

Posted on Jan 22, 2010 by in Letters

Given the market context we don't like F breaking the trendline like this so we are taking some profits and lightening our positions in F.  Profits are in the 275 to 300% range.  This does not alter our fundamental view that F will be worth inestimably more in the long run.  It's just a trading tactic.

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