Pennant shot down. Market shot down. Take a couple of shots of Wild Turkey…

Posted on Nov 17, 2011 by in Letters

Talk about fickle. We never sit on an idea or a position.  One of our concepts is that of the hairtrigger stop. Which means market conditions can chase you from a position like a hare fleeing a coyote. Today prices fell out of the powerful pennant. We are hedging our SPX longs. This may be percipitate -- institutions are making every effort to drive the market higher and in these treacherous markets you never know whether they will actually close the market higher.

This is only a preview. You must be a subscriber to access the full text of this letter.


Choose a Username*
Email *
First Name *
Last Name *
  * Required


You must be a subscriber to view and submit comments on this post.