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Re: shmolton post# 149

Saturday, 05/17/2008 12:39:23 AM

Saturday, May 17, 2008 12:39:23 AM

Post# of 755
<<<"Say it ain't so MSGI, you're getting back in at the top?">>>

I had picked 6 "ultra-short bear" Indexes originally for this PSL9. I felt I was "going for the Mother-lode" in trying to win this contest in what I felt could be the resumption of a primary bear trend coming our way soon.

But then I was very disappointed in finding out you can only have 2 Indexes in the contest. I was wondering if I should bother entering the contest(??)......with so little good, fresh, and unexploited ideas.

Now I can be completely wrong on my bearish stance here.....but I see so many overbought stocks right now .....that that was the most natural way for me to play the next 3 or 4 months of this contest.

And I am playing the short side in a few market indexes of recent in my actual account.....the first time in quite a while.

I see good risk/reward in being short here....I'll know if I'm wrong or not and not get too hurt in trying to pick a turning point for a possible resumption of the bear market.

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