Monday, June 25, 2012

Long NOK

I am long NOK today. I think the stock is oversold and will bounce back in the next few days. It also took additional beating due to the market being down today.

I havent engaged in my strategy this week and stayin in all cash on that front. GDP data and consumer confidence data will be released. Such major events could cause big movements, especially on the positive side, which is the worst outcome for my strategy. So no updates on that. Sitting at around $4k gains or 30%.

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