Well, I just placed an order to buy one measly jan100 call on rmbs. Way too nervous to buy more at this time. If a couple other holdings moved up, to where I could free up some cash, maybe I buy more. I am very nervous about this market...the old keith would have jumped on 25 calls without hesitation....this newer, meeker, more humbled version is taking a more cautious attitude, while at the same time trying to stay in the game to a point. I will buy 1 at market and then have limit orders to buy more if it drops considerably. By the way, if anybody see;s reasoning why I should pursue other calls instead of the jan100's...please let me know. Normally, I like to buy ITM calls, but becuase of the lack of funds, and fear of buying a high dollar call only to watch it drop, made me look at the jan 100's. If it rmbs runs wild as tom thinks it will, it should see a very nice % gain. If rmbs tanks, with the market...well, we are talking $1300 a call vs maybe $3000 or so, so the risk level is more tolerable....opinions...anyone...please.....
keith@gettingmorestupidbytheday.com |
