Sold my SDS shares today for a small profit after feeling the total spirit of the market is still fairly optimistic. Especially after looking at the overall movements of the market for the past 3 days now (especially the intraday), I really feel that the presence of the bulls is stronger than I ever thought it would. I, among the more heavily weighted bears have started to become a little more bullish. But this is not to justify that the recession is over, but only because the market is still full of optimism. Eventually we will have to retrace back, but for now I think there’s a little more room to the upside.
Thus, I started buying a little more today on the long side. Which will be mentioned one by one after this post.
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