ICE - Short Idea

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ICE - a way to play the financial and energy markets as a short.

Appealing offer on the table despite missing out on today's negative action.

Even thought stock was down big there is further opportunity to short.

Clearly, markets were overbought coming into 2007, therefore yesterdays action is not surprising. Certainly, timing and magnitude is always adventurous.

Earlier this week, I was looking for 'rate related" catalyst for a downside move and the market has found an event driven spark. (China raising rates)