Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: Machaon who wrote (49757)	5/7/2013 10:46:27 AM
From: Fintas	2 Recommendations Read Replies (2) of 218514

I was talking to a friend of mine and reminding him of the days he held the QQQ in the 20's and I gave him a target of the 60. He spoke with his cousin who worked for Merril and his cousin suggested I was on some halucinating drug. Here we are a few years later and my my. Now would I buy the QQQ here. NOPE. Would I buy real estate here. NOPE. What would I buy? I'd buy VERY little to the long side unless it was on a pullback in names such as GE, JPM, INTC, MSFT or similar with good FA. What am I doing? Buying PUTS in the SPY. Historically I NEVER bought puts. This year is the first time EVER. That means I'm a perma bull that is buying PUTS. What's that tell ya? HMMM maybe I am on halucinating meds? NOPE. But I do understand dancing with the clouds when I see it. Fintas

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