Tuesday, April 6, 2010
Not Much Happening
There was a slight dip based on some Greece news in premarket but that's been shrugged off and we are back near 52 week highs on all the indices. Small caps are continuing their outperformance. The market is very complacent, but there is no real movement for me to act on. I will not short such a dull market.
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3 comments:
time to get short now or still to early is the qestion...
i dipped my toes with 1 unit short at 1187.5
I think we are very close to a turn point here (a few days to a week). One scare and there will be a rush for the exits. I feel we'll visit 1130 or 1140 in April.
Yup options is where it's at.
The RIMM 70 calls I mentioned actually went down to 70 cents yesterday.
Today they closed at 1.47
Sort of hard to time the direction of the stock, but I think if you have good stock bounce and top reading skills, there is some money to be made buying these shallow out of the money puts and calls.
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