Saturday, July 12, 2008

POSITIVES vs negatives Update July 12

"We have not witnessed an uglier week for investors in our life times. The tainted sentiment of the things we know about - real estate, mortgages, credit, banks, high oil - has been amplified to a disturbing level of panic. However we don't feel panic selling at this moment is justified as it only plays into the hands of the shorts attempting to wash out every individual long position. We believe that a concerted effort of changing that psychology is on the horizon, and the mounting tensions of a short covering rally on any good news at this time tremendously favors long positions."

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