i have to say sorry about my judgement about tech rebounce, although tech already tried a little bit from yesterday to today morning. csco breaks up everything.
good thing is my picks are not so bad up to now, fertilizers, gold, miners, steel makers (pkx is the only loser compare to aks and mtl...), however, i have to say, please, please reduce your position on fertilizers before friday, after cf's er.
1. fertilizers will be the last ones to drop in ths mkt, and they will retest lows as well
2. no problem on their fa, so just buy back when they low
if you really want some fertilizers, keep them light weight, if you want to hedge your short positions, buy some march calls of gold stocks.
if there is something can long, still, gold, miners, fertilizers, no fa problem, will go up when mkt rebounce.
happy new year. hopefully we can still beat mkt in new year, maybe just by losing less... thanks for your support for past months
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