jamie, don't worry about Carl, he has made a bundle on a number of trips on VECO, so even if he got caught on this move, he'll be doing OK. I am sure he chickened out, however, when 32 got breached. I am a bigger chicken, I did not even try for another trip when it retreated back from 35, and I am still staying on the side lines. Those turnips did quite well on this trip down, and Clinton's easy trigger is just accelerating a trend they thought would be in action.
Later in the day, it might be worthwhile to revisit the scene to decide if a reentry is risky or not. Typically, when expiration is a down day, the market does a little recovery the next week, but this time around, if we end down some 150 to 200 on the dow might prep us for a very black Monday, so beware.
Zeev
|
