10-07 very simple,sell out of longs
US stocks were up for the third consecutive day on 
Thursday with strong gains in the popular individual 
stocks.   We don’t expect the stocks to continue up in a 
runaway fashion considering the type of news that must 
come out of Europe to address Greece’s “drop dead out 
of money” date which is in October. 
We strongly suggest to use Friday as a time to sell out of 
long positions even if stocks are moving up.  This is 
about risk management and booking profits in what has 
been a short term 2-4 day hold time on swing trades both 
on the long and short side of the market.   The next cycle 
of short term trades will likely be on the short side 
The Dow30 was up 1.68%, Nasdaq Composite was up