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Out of Trading Shorts and Into Small Longs


By Doug Kass
1:23 p.m. EDT

I am a buyer of what represents value and a seller of what represents merchandise that is dear.

As one who does not worship at the altar of price momentum, I am seeing some developing values in the market.

Accordingly, I am now out of my trading short rentals and I have bought small longs (on a scale) into this morning's weakness. ...

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