Ahhhh, another irate E-Groupie making sarcastic remarks...to enlighten you, there are a few reason why I did not cash out:
1) Was not at a computer when it hit $1 1/8 and therefore did not know until later in the day, after EGRP had tubed as usual.
2) After examining the trades at the end of day, saw that there weren't many contracts traded at $1 1/8 and it wasn't there for very long, so most likely my 20 would not have been all executed.
3) I have 57 days until expiration, and I am counting on the Fed to raise only by 1/4, which should spark a small relief rally, even in EGRP. Will watch then closely to cash out.
Finally, you assume I am a daytrader. Daytraders by definition don't hold a position overnight. I may dabble now and then, but mostly I hold things for more than a day. For a sarcastic E-Groupie, you sure aren't very perceptive... |
