Bears usually hibernate during the winter, but boy they are hard to find these days, unless of course you are reading this blog. I feel very lucky to have lost a small sum of money today, that arb position in JCI that I mentioned this morning really helped as did those shorts in the preferred ETFs. I am amazed at how weak those were today - its totally out of character with how this market has been trading. I didnt cover my short nasdaq futures they closed about 5 points in my face - I put on a new short in AXL (with upside calls in place). We are in for a secondary tonight that has warrants attached.
Not much else to report - the brain is drifting towards vacation and concentrating very hard on keeping our profits for the month.
Enjoy the evening. Back at it tomorrow.
JB
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