Lovely.. the morning was for oil service, major pharmies and biotechs (shorted the morning on the techs).. now the techs rallied just on time as we closed our shorts. Now we are weighing holding MINUTE (tiny) positions in PWAV and ELNT through tonight's report. If we do its a HIGH RISK trade and it would be only option call position for a small exposure. SHORT positions are NO LONGER HELD OVERNIGHT.. We saw the fiasco on RIMM which left shorts with their pants down, and 'smarting' from the pain.
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