Monday, July 10, 2006
Update: Full Bear
Just to give a quick update. I have changed my opinion back to fullybearish!! The market gave us a quick run to make some money on thelong side. Now is the time to go short and book profits. I will tryand eleborate in another letter on the reasons, but for now, we're busyflipping the longs and taking shorts. We may get another squeeze, butit should be short lived.