I feel like the biggest loser I bought some puts yesterday on GS SPY & TSL and closed them a few minutes after the open only to everything bright RED this afternoon.
yep, im up on the day..... looking foward to tomorrow, think it may be time to take profits and sell rallies. Watching a break on the DOW below 13k, selling will be extremely heavy at that level, 12,500-12750 is quite possible sometime in the next 3-6 weeks. Cnbc had on Abbey this morning hyping the markets up, but my favorite Peter Schiff was right there to take the bulls down. Tune into cnbc tonight to watch them cry again about todays drop.
dont feel so bad, I sold a long position yesterday at break even, today it jumped $2.00 only to settle down where I sold it. So i guess Ill wait till it slides another 2-3 bucks before buying in. This market is going to get even more volatile, dont believe that summer is a slow time of year for the market, its 2007 not 1978.
"dont believe that summer is a slow time of year for the market, its 2007 not 1978." Couldn't we opine a different breed of traders in the summer?
Dude, I need to see 12,500 by years end to be even on my DXD position. I should of averaged down last week but I got too much action in other stocks I'm getting my ass kicked on. God damn push on the day... Hey, even if the DOW bounces up, we always have that beautiful red month of October to look forward to. Maybe we can get a solid 700 point drop October 17th. Hey, I forgot a major catastrophe from a Hurricane next month. When's the Asian Contagion start too?
Seems like DOW will go back to 12k+.. Whats really going on... Credit stuff.. may be one of the reason.. But its not the only reason.. Earnings are not too bad.. These analysts never say anything correct... Only patience will help... We need to Keep watching the portfolio going down ???
I'm off to bed....just looked at the DOW futures down hard to 13196 ...see what the morning brings. Looks like the tide is going out, best not swim against outgoing tide.