Delphi: agree with your strategy, but i would wait a little while to begin accumulation, in november, the market wanted to go up no matter what, I think the sentiment just changed yesterday to "the market wants to go down no matter what", there will be selective winners, but I am planning on playing oex puts until option expiration, my guess is that is about the time to start accumulating for january run, but near term, bond market is going to knock us down, and internets will be especially vulnerable after big run in november--everyone will want to lock in profits, and the rush for the door is on. Still keeping my core position in cnqr because their announcement of e-commerce platform should propel it to 40+ over next 30 days, but near term is
scary for most of novembers high fliers, as usual this thread should provide good trading ideas no matter what the market condition gets too, I just feel it pays to be very conservative here and time to pass on some of the "normal plays" that would have been easy pickings in november
good luck
good luck |
