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July 28, 2014, 07:41:07 AM |
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We are down about 8% on the week (from about $630 to $578) and this is after a lot of long positions were feeling a squeeze from an extended sideways market. As such, it is fair to say that short-term risk is substantially heightened. At the same time, the price is starting to look pretty attractive. At least there is more entertainment to go along with me losing money.
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