John,
I'm here! And yes, I did cover this AM, not my best read on RMBS, left some on the table, but a profitable trade nonetheless.
I am worried that we will still go lower, but the NAZ action was ugly agree with some of you that we finally saw some capitulation in CSCO, LU, MSFT, etc. which could be a sign of a bottom forming...BUT, I think this market is going to creep lower. It will take quite a while to work through all the international problems. I just want to be long RMBS now as it's been pretty beat up - although RMBS was battling pretty hard the last few weeks and held up nicely IMHO.
Also, we played a scramble so I do not have to give a score <gg>, we got rained out after 11 holes anyway.
Regards to all,
MileHigh |
