Good to see you're back RR. Hope you are rested & invigorated, but most of all, I hope you had a grand time!
;-)
I did make some good coin on those shorts, but didn't catch the bottom. Once I realized it wasn't going back down, I unloaded them & went long........ cleared out the longs less than a day later & went short Fri........ covered on the second dip...... and went short again after the last pop of the day (all shorts & longs in here were QQQ's)........ will look to cover these shorts Mon or Tues & maybe go long again, perhaps some storage CO's, QCOM & the QQQ's.......
Oh & I believe that we still have not seen the bottom in equities for this year...... yet.
I might even take a small position in some yellow dog stock in a week or two if support isn't broken on this correction in gold. The continuing weakness in the US dollar, potential for more terrorism here, our war on terrorism & it's effects, ongoing Mid-East turmoil, domestic economic uncertainties, equity valuations et. al, all seem to point to another leg or two up for gold.
Good luck on the turtle plays. You sure have done well playing them. I may get back into playing some calls on the QQQ's & perhaps some turtles once my confidence is a bit stronger. For now, it's liquidity plays for me. I want to get out post haste if need be.
I look forward to hearing your POV on things now that you are back with us again.
Ö¿Ö |
