Thursday, March 25, 2004
Bloodbath is what we got. I went long again at 73.40 on the re-open. Had a tight stop but when the dust settled I was filled 40 ticks away from the stop at 72.10> that was the first time through and it slid very fast. Then we got a rebound and I was starting to think I'd been had as is so often the case with New York. But the selling just kept up all day. I'm sure the commercials are loving this huge selloff giving them an opportunity to get long at such a lower level.
What else did I accomplish today. Oh yeah...hung onto the 30 yr. and cotton as it drifted lower again. Also shorted the cocoa. We'll see how that baby opens tomorrow. Off to bed...I'm beat.