How are you playing the DOW into close today?

Discussion in 'Trading' started by pumpanddumper, Feb 5, 2008.

  1. Take the free downside money all day and cover?

    Press the action and cover into the panic?

    Get greedy and carry over till tomorrow? Cover half, let the rest ride?

    Take out what I call upside protection and scalp some potential upside tomorrow on a snapback?

    Just steer clear?
  2. I am watching TV and surfing the web now. I will unload my SDS and QID in a few minutes and call it a day.

    Don't make things so complicated.
  3. Buy, Unloaded my Wad at 63.75 for SDS
    and qid at 51.24


    I am done trading for the day.
  4. I am long looking for a short covering and may be will try to short some rallies later
  5. I'm keeping my MAR $25 C Puts (bought at $0.56), staying short the broad market (QQQQ, SDS) and covering my snap-backs (FSLR).

    Potential for a crash is too great here. If you're worried about a huge rally, pick up the proper amount of OTM Calls on SPY, QQQQ or go long some Options-on-Futures for the eminis.
  6. if csco has a bad tomorrow.....