Good morning. I am initiating a position in 1/2 unit quantities this morning to take advantage of, what I deem, a large overreaction by European Equities to the news that Germany and France are seriously discussing a private bailout of Greece. I am dipping my toe slowly, too allow wiggle room if I need it. In the first 4 hours of today's session, we have traded 200% of the spreads' ATR. I am viewing this as an opportunity to get long some Spuz. I will keep you updated on the progress of this trade.
Be Well,
Hemi
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