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.
- Post author:WHC Bassetti
- Post published:January 22, 2010
- Post category:Letters
- Post comments:0 Comments