caution flag
while today was a very good day, (check out wph) and the productivity and labor cost numbers were very good for the markets, i cant help but feel that whatever bounce we get off cisco's earnings will be short lived and tomorrow morning will be a good time to buy some oex puts for insurance, with the bulk of the earnings out, a bunch of ipo's soaking up liquidity, i feel there is a very good chance this market could sell off hard again, still would rather be a bull, but oex puts are good insurance-- you buying any william? I will be in -in the morning, oex feb 780 puts, if im wrong, that would tickle me to death, i just dont know where the new momentum is going to come from to keep this market going, and all those new ipo's will be hard to absorb, this market just feels a "little tired", look for best entry around 10am in morning
edit-- oex plays are only for experienced investors, very easy to loose money on these, I feel about 75% confident in my position here |
