Potash (POT) Steamrolled

Ouch - while the stock bounced yesterday and was as high as $95 this morning a nasty reversal has occured and as I type it, Potash (POT) is below $86. Wow. I covered in the $92s hoping to reshort around $97 after the "dead cat bounce" (which happened) - but just missed re-entry. This is some strange action - almost feels like a hedge fund liquidating again.

As for the market, S&P 875 is here again and being tested, we are slightly below it - but I'd like to see us a bit lower to get aggressively short. Las Vegas Sands (LVS) short is working out well thus far, already in $6.90s from $7.50 initiation.

Right now this market feels very dangerous to me, things could turn very badly here soon if bulls don't wake up and / or that Goldman Sachs quantitative program is not restored quickly. ;)

Short Las Vegas Sands in fund; no personal position