Long Puts on UAUA/CAL?

Discussion in 'Options' started by kidofstreet, Mar 12, 2010.

  1. rew

    rew

    I already tried a couple of small scale shorts on the airlines and stopped out both times. This of course is the $64 million question -- when has an asset stopped going up in price (or stopped going down)? If I could answer that one reliably I'd be retired now.

    I agree that CAL and UAUA are looking toppy. But the irrational exuberance can go on for some time.

    I won't even fly on the damn things because I don't like getting treated like a terrorist. But obviously plenty of people don't mind going through scanners where some government goon can see them naked. I'd have more success as a trader if I could understand the mind of the average American consumer.
     
    #11     Mar 14, 2010