Quad 1-2

I (!) was too cautious the last weeks!

O.k., first sorry for my not good reading of the tape the last 4 weeks, I was too cautious. I was long about 80% all the way and had 3 hedge attempts which cost me about 2%. Not too bad. I am up about 8% YTD.

But: a good friend of me is up 40% in January trading earnings pivots. I told him to keep taking the EPs as long as he sees traction in his profit …