Tuesday, February 19, 2008

Don't Panic

Looks like another squeeze on the cards in HK/China, right after the lunchtime open.

My thinking is that the (portions of the) shorts that were lifted prior to Chinese New Year are waiting to come back on... But there's still such a big short base out there that it's very squeezable, especially with incrementally good news (sort of) and the US still on its long weekend yesterday.

Shall I buy more? Now that it's ticked down a bit? Yes, I think so.

Don't panic!

I can't find just a clip of this on its own, but check this out (0:42)
http://www.youtube.com/watch?v=oHCc-olG8mY&feature=related
Now THERE's an obscure TV reference!
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