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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Land Shark who wrote (14858)12/3/2008 11:57:27 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
I'm banking on a similar scenario
Yesterday's close lacked everything other than a headline
I was struck by the reemergence of the PPT. Haven't seen manipulation from them for some time since they knew they were beat. Hoping they don't repeat, but I fear they might. Paulson may be putting that 350 bil to work.

Meanwhile, I've been weighing back over to a very bearish port
Selling calls on spikes
Just added RYL puts @ 17.44
Luckily sold some earlier, so working out somewhat.



To: Land Shark who wrote (14858)12/3/2008 1:03:47 PM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
Chart shaping up like yesterday's
Just a matter if we get the eod pop.
We're really due some follow-up to Monday's sell-off
Yesterday felt very unnatural.