uncle, don is in for just $5 points, we cannot count on that. As a matter of fact, I would start to worry when the last bears disappear. I wonder if Earlie covered, he is quite smart, so I am sure he got out of the way of this freight train, but on the other hand, he might very well have laid another short above $80, since by his metrics, RMBS may be too early at this valuation (mine, just a little too early).
I'll tell you that if the puts/call ratio was not as high as it is, I would be getting off the train, but with this kind of ratio (2.44?), I do not see a major down draft yet. Nevertheless, my finger is still "Itchy", and my mental stop loss was raised to just under $73. One got to protect those "fleeting" profits (vbg).
Zeev
Zeev |
