How Do You Say "Mission Accomplished" In Greek

Looking at the markets it seems that there is some doubt that the Greek rescue package will pass/work. Buying the dip has been easy money but if Greece fails this could be the big dip.

6 comments:

Anonymous said...

Tsachy, I'd like to add to my long in C at some point. I know you are short. Congrats.

How low do you think it can go? Where would you cover? thanks.

Tsachy Mishal said...

I am waiting for a 3 handle before i consider covering. As far as buying more, I would wait until the government is close to being done selling. Why get in front of their huge sell order?

Random Thoughts said...

pfe going up today is the greatest thing that ever happened to me.

Anonymous said...

Tsachy,

you buying this dip?

Dallas, tx

Tsachy Mishal said...

Im not buying it. I think the trend is now down. I have no problem playing counter trend bounces but its too early in the decline for me to start doing so.

Tsachy Mishal said...

That said we should get some sort of bounce at some point today. Im just not looking to play it.