sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Wednesday, May 12, 2010

I was forced to exit my VFC short trade. It was looking so good until the European bailout plan was announced and in a few days it turned up and i lost about half my profits. Europeans are goofy and i think the bailout plan is goofy and that would explain why what is going up, is going up on very light volume. Light volume or not ill exit if i have to. Im still holding FO as a short since it seemed to have weathered this and i think its very possible for everything to start dropping again so maybe FO will turn out great, we'll see.

I normally post my finished trades on flickr only but i wanted to show how europe messed with my trade. I think this trillion dollar bailout is the start of the EU falling apart. Greece and Spain, maybe others, need tons of money to stay alive but the EU countries dont want to help. What was the point of joining the European "economic" Union? We are giving greece $54 billion. England just elected a new prime minister and the english are slapping the EU countries around every chance they get. The British seem more and more tired of the lazy socialists as time goes on. Socialism is too defensive for business to grow. London is not even in the top 5 financial centers anymore...

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