BB, G, Teri, Jacob, Aki, etc.
I am going to go short here on any bounce, for all the reasons you all know. Should have done it at 35-36 when I sold, but I twiddled my thumbs instead. Will do djx puts, also. I am much more long than short, so this is insurance more than anything. Lots of danger here for a short with AG and Buffett speaking tomorrow, and the fact that prices have dropped so much. Still, when the coordinated cut occurs and the shine wears off, Starr releases the next 3 reports, and MSFT's trial begins....I see little reason to move above 8000 and no reason for the equips to rally. There is plenty of reason for the dow to slide to below 7500 again, and for amat to breakdown. |
