Morning NV,
I see you had a run in with the CFZ crowd -gg- This AM, they seem puzzled, with the exception of the head of the clan... Which I must admit he has to have his pants well placed to be making a cool showing today.
As for me, I am completely confused, as this AM for sure I thought we would tank. AT some point the futures were limit down and then the thing became alive to the upside.
I have two hedged positions that I am considering closing at a net loss, since I feel I need to regroup and re-assess this market that continues to simply be too confusing. I could roll some calls into May as an alternative, but, I think I am simply walk out of this and just watch. I am learning to always keep some dry powder in cases like this to take advantage once I see what the clear picture is.
A possible scenario I see developing is that we do not go neither up nor down in a large way, and we will just trade sideways on a wide range until the market decides which direction to take... But frankly, I am simply guessing.
Good trading.
btw, I am out of ADBE as of yesterday, and before I get in again I am going to watch it for a while... considering re-entering some of the gas/energy co's |
