I ws troubled by that trade when I went out for pizza & saw more homes for sale in town. So I closed it first thing this AM.
Also closed gold, silver, corn and other grain trades. Beefers are pretty long those & I fear more liquidation. I can always re-buy them.
I thought there was a twinge of fear showing as the Countrywide Finance CEO was interviewed on Bubblevision yesterday at the close. There must be a lot of doors slamming in the faces of people trying to re-finance.
PS: That's a mistake I still make too often - trying to catch a swing to early. Still learning.
PPS: I also saw an article saying that two homes on my street were in foreclosure - I was really surprised by that as this is a fairly high value, stable area.
PPPS: by the way, in boxing the instructions are always, "protect yourself at all times"
PPPPS: I wish I had a trader parrot to tell me to not try those little countertrend chip shots. I always lose money on those. :-(
PPPPPS: these "PS"'s are added after the original post as such for clarity. For example, I put this one in about three hours later.