Not knowing what to do sucks. I've been waiting for a correction that's looks like it's never coming and missed an ass-load of upside doing so. I'm not in "panic-chase" mode by any means, but yesterday and today I've slightly increased my long exposure via $TZOO and $WNR. I'm hedging those bets with some $VXX and should be about 65% cash, 25% long and 10% short by day end. I'll be looking to increase my short exposure by trimming down my long position to about 10% and adding to my $VXX, and staring some $FAZ if we gap higher from here.
This is not a recommendation to buy or sell any securities. DAK was long TZOO, WNR and VXX at time of publication but positions can change at anytime.
No comments:
Post a Comment