I closed all my longs and opened starter position shorts on GOOG, AAPL, PCLN, BIDU, and AMZN. Looking and hoping we gap up friday so i can add to these positions. December 5th is a key turning point and most of the recent rally is short covering.
I do believe there are some companies to own out there like RIG , but it will be an easier entry in the future. I may look to sell covered puts if we chop around for a couple of weeks.
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