The World is a short!

A little bit late. I believe we bottomed today. Europe tried to open green today but closed red. That shows that tomorrow should be green (That is my opinion based on pure experience). I believe from today, shorts will be in trouble if they don't cover. Now shorts are getting greedy.
 
I would not think it wrong to cover here, as we will likely have a severe squeeze soon, maybe by this afternoon close, as tomorrow is expiration. Still I see the strong support in the 970-1050 area, so i'm anticipating further downside in the next few weeks after the squeeze. I am now fully hedged and just riding out the storm. If I am right and we do drop below 1050 I plan to use remaining cash to do a little buying. I anticipate a rather weak market into the Summer but surprisingly strong September and October going into the November election in the US. By then the Euro zone should be more settled. I particularly like Norsk Hydro (NHYDY) below $6, (should get to 5.50-5.35 or so). Being Norwegian they are not part of the Euro union, but are nevertheless being treated just as rudely. Hydro is a long term play, but NHYDY should bounce very rapidly up to 6-7 once the smoke clears. Nice dividend (usually).
 
Here's CTGX.

When the "X" suffix is eventually dropped from it's ticker, it's going to have an orgasm.

Insiders own a chunk,

Oh that's right, you don't have that "long" of an attention span.

Sorry.
 

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Just imagine what will happen if US market closes green today? That will cause Europe and Asia to rally over 3% on Friday.
 
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