More Ants and Grasshoppers
There I was in the first quarter of this year, the busy ant. Pouring over the charts, taking DD to new extremes.
No 200 p/e stocks for me, no siree, buy those safe turtles, sell the covered calls when they topped...get that portfolio up to its highest point by end April.
Then this past Friday when I awoke, I hopped out of bed with such suprizing force I almost plastered myself on the ceiling. When I landed I hopped to the mirror to take a look. Sure enough there were the tentacles,the spiny haunches, the beady eyes...the Metamorphosis was complete. I had become a Grasshopper!*
My mindset had changed as well...I thought<cue Rickie Lee>
I could make some easy money...
Yes thats the ticket CUBES!...no better still CUBES options!
From there it was on to straddles and the whole sordid story.
Anyway, looking to re-ant myself soon. This rally/bounce seems to be bumping its head on QQQ 82 / NDX 3380 but may have legs. My exit target for calls still QQQ 85-86. What do you think, legs or no?
-Gregor Grasshopper er JH
PS Ants can sometimes suffer ant-burnout. May I recommend a grasshopper weekend in Bermuda...gorgeous rocky coves, white sand, crystalline water...or perhaps Hilton Head...green golf courses, palm trees, Bill and Hillary,
oops...<GGG>
*Apologies to Franz Kafka |
