sold TBT stock at 17.65 from18.56 and 19.15, taking a loss on that, the long on TLT calls that are now taking off are doing there job well to hedge the intraday loss

/s sold TBT stock at 17.65 from18.56 and 19.15, taking a loss on that, the long on TLT calls that are now taking off are doing there job well to hedge the intraday loss on TBT bearish bong bet that we held for weeks. I had very good profits on the bond bearish bet at one time, for some time but wanted to hold for a market breakout that failed. Now again I believe that there is the possibility of bonds becoming the next gold and that would mean irrational levels can continue for a long time just as gold as a bubble still has an enormous amount of room to fall now that it is no longer the market hedge of choice and gained to irruption levels already. That money that would usually move to gold I now see moving towards bonds.

Posted in General Trading