A diary of the thought process behind my investment decisions
My Biggest Fear
My biggest fear from the short side is a large cash deal on Merger Monday. The analysis that led me to short was that pretty much everybody was bullish and that there was no marginal buyer. If corporations lay out cash to buy other corporations we would have a marginal buyer. I am looking to cover a chunk of my short exposure in the 1110 to 1120 area on the S&P 500. However, as the weekend approaches my trigger finger will get itchier as I don't want to hold a large short position over the weekend.