A different approach tomorrow. Airlines are a good proxy for banks in terms of investors losing faith in a downturning economy. I still haven't found an indicator to give me a way to link a stock to a particular index. I really believe this would be an extremely useful indicator for many stocks especially airlines, oil, and banks. I need more time or more access to smart computer programmers to figure it out. Anyway, these stocks tend to move together and with the overall market so if tomorrow is bloody and I don't see any other compelling shorting opportunities then I may jump into some of these. Remember to leave some capital for plays like DNDN, AGIX, GGC, and whatever else comes up off the hod list. See you tomorrow! (Hopefully).
I want to mention XJT specifically, it is already cracking, the reverse stock split is not holding. I always regretted not shorting XJT down from over $1, now I have my chance. As of tomorrow consider me a long term holder of XJT short, the same way Muddy is holding SIL.
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