I am short a third BTP H13 from 108.50 and this is motivated by what Bernanke has just said:
FED'S BERNANKE SAYS A WRITEDOWN OF ITALIAN DEBT WOULD NOT INFLICT SERIOUS DAMAGE ON U.S. FINANCIAL INSTITUTIONS
that is a bombshell !
I will close this short in intraday , possibly at 108 , since I'm doing terribly well with my whole position here. Stop at 108.60.