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Friday, April 16, 2010

Used the weakness

More weakness than I expected due to the Goldman news. I used today's weakness to:

1. cover my market protection

2. get into MF

I have limit orders in to add to my Ford position at 13.40, and will most likely re-enter the protection next week or so.


  1. hello,

    are you still bullish in Sugar (SGG)?

  2. I haven't changed my thoughts on sugar since my last post on SGG,

    since then, it did bounce from the 45 level (its lows) and now approaching the lows again. Articles suggest friday's selling was due to funds liquidating on the Goldman news.

    I don't know if its true or not, but have been trading the bounce. Will look to play these lows too, but the chart is still very negative.