I'm so scared. First of all, when did I ever call the rally a dead cat bounce? The reason I covered in April and May, and stayed flat most of the summer, was because I saw the potential for a significant rally. And it was more than a few weeks. More like 2 months from late june to late august. I re-entered short a few days before it ended (as posted here at the time) and all my positions are now profitable. So yeah, I could cover here at a profit, but I wouldn't be scrambling to do so, especially when I think this decline has a ways to go.
Why don't you explain IN YOUR OWN WORDS this memo and the effect that YOU think it will have on prices going forward?
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