Setting the Stage for Live Nation

There are times when you've had a position for so long that you need to step back and re-examine why you are holding it. For longs, this is a bit easier right now. Chances are you are ahead in a position if you are long. Obviously, there is no guarantee, but with the recent movements, and even the movements over the past few years, longs have definitely been on the correct side of the trade.

Being short is another story. If you are short, then you absolutely need to re-examine your thesis. A re-examination doesn't mean you should cover or that you are wrong, but some folks have been short individual names or the index in general for so long that they may not even remember their original premise for going short. Others may simply be short because the price is higher. Perhaps they had an original trade thesis for a technical breakdown or a fundamental argument, but one, the other or both could be long gone, yet the investor still sits short. As price continues to rise, they hold or short more based on a retired thesis and a higher price. This is a recipe for disaster....143 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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