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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (227678)11/6/2009 12:39:38 PM
From: ChanceIsRead Replies (1) of 306849
 
Patron - I just shorted a $90x$95 November Burrito spread - in recognition of all that you have done for this board and the value I place in your assessments. Put in for a $0.48 credit and got $0.52.

Also sold some AMZN $130 Nov calls. Some idiot upgraded them today. (For the hundreth time, I like Amazon - shop there all the time. But that doesn't mean that its stock isn't carrying nosebleed valuations.)

Finally shorted some GES at $38.10. I haven't drawn the bead on any nonsensical clothes manufacturers for a while. Somehow I think that we will be entering an era where fashion will be focused upon how well you embroider your potato sack. That little puppy was up about 4X from the bottom last fall, and hit near 52 week highs. Very good risk/reward here for noctophiles. Hey. Its hard to get too cranked up when it gets dark at 5:00 PM. Druids love this time of year.
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