Monday, April 26, 2010

Something Has To Give

I am mostly hiding out in capital structure arbitrage while I wait for this absolutely insane market to crack.

The intraday put call ratio is at manic levels still, and has gone well below 0.4 a couple times today!

I have a few small short positions, like Winnebago (WGO) and there is no justification for the strength in these names.

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