I have given up on my puts--
here are the details which I posted on the
1000k/week thread. I've not read the BK
thread for the last fifty posts, so sorry
to just barge in a post, but maybe I am a
contrary indicator, so watch out!
Trades 'n stuff:
When you're wrong, get out, I took a 50% loss in
the dow and Dell puts, on the other hand I did
a quick daytrade yesterday and made 800 so that's
okay. Loss was in a taxable account, gain in an IRA
:-) so that is good.
Sold 5 DJVPL (Dow April 90 puts) for 1 1/16 loss
about $600 including the commissions, Sold 2 DLQPM
at 1 1/16 (Dell Computer April 65 puts), loss about
$200. The Excite puts are on their way to expiring
worthless, so that will be a los off about $700.
Total loss in puts $1500.
Fed did not raise rates like I had guessed.
Unemployment up .1, I'd thot down .2 percent
and payrolls down instead of way up, how did
that happen. What's more, how could I have
guessed and guessed so badly--all I expected
is that payrolls would continue to do what
they've been doing. Plus unemployment around
here is way way down--20 year lows or something
like that in my area, and just getting tighter.
Anyway, like I said, time to close the positions
and concentrate on the longs til dow 10000.
Jobs report:
biz.yahoo.com |
