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Re: newmedman post# 9710

Tuesday, 12/31/2013 1:14:03 PM

Tuesday, December 31, 2013 1:14:03 PM

Post# of 37358
Hi Newmedman, the only "truth" that I can trust is the price action. While I remain short- biased on MDBX because of the serious over-valuation of the stock, the trend on the daily charts is no longer down. I did not get bought-in, and currently have a boxed position, short in one account, long in another. I box rather than cover because borrows of MDBX are very hard to find, and when I find them, I won't let go. I will sit here with my boxed position until the current uptrend on the daily charts is broken, at which point I will sell my long position and become net short. I keep my position sizes small relative to my account size so that I can sit through this kind of volatility while protecting my capital. There is a good chance that someone with a large short position relative to account size got crushed by the price action of MDBX in the last few days if they did not cover.

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