I have entered INKT when it hit 134..DOT is at 750 level, I expect it to hold within 20 points of this level, I think we have seen a normal retracement from highs to levels where the suport demanded, I could pick this good but so far one needsto get his neck out if we need to go back in. The pits were short on the opening, my computer was down I wished i could write they wanted to cover at 1355 my oft repeated level.
I do know right now where it is, I bought 140 May, I have also made entry into TRB, MOT, 85 calls July, CKFR 70's, EMC 135's rather I have used all the profit of INKT and got into these varied stocks, I will on break of 2155 sell 2350's to buy 1300 puts on SPM to protect these premiums, I write my cover strategy so as to give maximum insight in my approach to handle these markets at these new heights. I think my BKX and RUT call will do very good, the stocks I have been highlighting like American Express CMB JPM C MER are all flying, RUT is doing well so far, but when your money is on line it is always good to have a fallback strategy. |
