<<That includes me who just sold some IGT calls too early.
>>
Ahh, but how do you really know you sold too early...next week, you may be very happy you sold......Yes, I sold plenty of stuff too early, on the way up, but then again, I am not that upset....a profit is a profit and I hope we all have learned it is never bad to book a profit. Anyway, I am good to go either way...have cash, and am ready to buy if we get a decent whack job, or, if we go up, and it looks like the uptrend is intact and we have broken thru 10k and 2k firmly, then I may put the cash to work then also.....but not now...no reason to....I am plenty vested, and dont think now is the time to buy, as I think we either correct some or break thru 10k and 2k....so, since I am plenty vested right now, I think it is best to let cash sit as cash right now, and put that cash to work if we get a correction or after we have broken thru overhead resistance which is right in front of us. Are you still short the trip q's? I may not be buying right now, but I also wouldnt short anything..if I need a hedge, I will write cc's, which may not be a bad idea right about now...... |
