Tuesday, 1 March 2011

Bund rises on oil worries and profit taking.

Stocks slide as tensions grew in the middle east, and the high price of oil. Bonds ended near the highs after being down earlier on with the Bund trading at 124.23 after earlier dipping below 124.
Short sterling was moving around a bit as the inflation hearing was coming out sporadically during the day.
As far as the portfolio goes, pretty rough day as all my longs are down and my short is up 5% plus, I'm ready to bail on NTCT if it has another push higher as it looks like the initial downside was just an opportunity to buy and unfortunately I didn't get out. You live and learn!
Elsewhere I'm hoping the downside provides some further opportunities to get into a position.

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