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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: shades who wrote (65727)6/30/2005 2:45:40 PM
From: Moominoid  Respond to of 74559
 
And now for the rrrrrrest of the story... LOL

After GOOGs down 20 more points they'll be right at the bottom. Why would I want to short there?

Phil hasn't got the info/model I've got and doesn't sound like he knows how to read ordinary charts.

My main risk is $2000 in options premium. The short position is very small.

I will probably sell the options when we hit the bottom of my expected wave 5 (so I don't suffer more time erosion) or if we seem to be heading back up I'll do the same. Delta seems to be around 0.15 here.