For those out there that are convinced that the shorts have some ace up their sleeve, let me spare you the suspense...they don't. If they did they would have broken it out while they were running backwards through a corn field with their pants down.
They are short for the same reasons that we are long, because they feel that is the best way to make money. Maybe they are crossing their fingers hoping that CCME is the next RINO, maybe they are looking into their crystal ball and see more global short catalysts (Euro debt, global consumption, China inflation, etc, etc) and feel that the odds are in their favor, not ours.
Point is, it is as foolish to assume that they know something we don't and are holding it for just the right moment...and that the moment would come after they just lost tens of millions of dollars.
It is rare in life that you actually make money while being taught a lesson, but that is what happened to all of us longs that were freaking out the last time this happened and then watched our position double shortly thereafter. This time I think I'll just take the double without all of the worry.
