He shorted early last year, so he has a great profit, why not
cover, he doesn't have to get every last bit out. However on
the other hand, we are nearing the end of the downtrend anyway, or
could have ended it (but needs confirmation). If you shorted
at SPX 1500, then why not cover, we are closing in on Primary wave
A, then we shold have a Primary wave B up soon, which will be the
time to put shorts back on for long term swings.
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He shorted early last year,
FWIW
Posted by matt on 24th of Feb 2009 at 11:56 pm
He shorted early last year, so he has a great profit, why not cover, he doesn't have to get every last bit out. However on the other hand, we are nearing the end of the downtrend anyway, or could have ended it (but needs confirmation). If you shorted at SPX 1500, then why not cover, we are closing in on Primary wave A, then we shold have a Primary wave B up soon, which will be the time to put shorts back on for long term swings.