Discussion in 'Trading' started by robbie380, Jul 8, 2008.
anyone know? insane runs
sector was way oversold, looked like panic short-covering - biggest moves were mostly in those with the highest short interest. Rally also in conjunction with financials, REITs highly correlated with the XLF
I was actually heavily long BDN but it was underperforming all day. Finally sold it at a 20bps gain as its momentum weakened, only to see it rise more than 7% after I sold! Would've been a career day if I held on.
Oh well, but this day opens up some good short opportunities (MAA and FR are screaming shorts)
let's only hope
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