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17 février 2012


I'll be honest with you, my paper leosss in SRS when the shorting ban on the financials was announced was so large that there is no way I would have paid all of the margin calls to maintain the position. Held for long-term gains as fundamentals were still there and pocketed a very pretty penny. There is a goof chance that this is about to happen again. There is no way I would have had the chutzpah to invest twice the amount of money shorting the REIT Index and then more to cover the calls. Now I'm playing with the banks money and my only regret is that I did not get to fill my position fully before the rally began. Still hoping for a Hope Slope inauguration rally boosted by a Citi bailout and a wasted TARP II that will supposedly go to Main Street instead of Wall Street.

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