Nobody seemed play the Sunday trades but they were profitable if you traded out. Even though both legs were fromthe buy side. After watching Oil break down to 68.3 at 5 AM and back up to 68.75 I told you directly in emails to sell rallies that I was bearish in stanceand
offered the first place to buy 66.25 It got down only to 66.68 but the only time I am more bearish is when I tell you to hit the bid and give a morning entry on the sell side at the current price. What I gave you should have been good enough. Plus on Friday I told you guys to protect your accounts for up to a 10 percent correction. Now I know it is not that easy to get out and my position is like a battleship it took most of the morning Friday to make sure each and every stock I owned has a call sold with premium equal to 10 percent of the value of the underlying taken in. And even after doing that which I considered at least defensive on my part I had to short crude to be in a position to buy anything when the carnage was at its worst.
I have to admit I never believed I would see Rimm back in the 60's but I bought 80 puts in June and lost my stock just in time it seems. I am now long once again at 68. I will scale down as a buyer everyone is talking Major correction now. I will definitely react to th world bank next time I mean the news was out at like 8 o'clock lat night I could have sold oil much higher had I not underestimated its impact. They are gonna call for a major pullback now but I highly doubt people are seeing this clearly. Joblessness is easing housing starts are better german confidence is better but the technicals look very ugly here
and drop an email chrgr06@yahoo.com to schedule
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