AZDavid

Just outright buying puts in anything is a good strategy at the moment. I have been watching great companies get slammed this week!!! Several big names not involved in mortgages/financing are down 50% or more in the last month and a half.

Sick of watching the Fed/government come in and save the day. ATTENTION FED IDIOTS: LET THE MARKET WORK OUT ITS OWN PROBLEMS. YOU ARE CREATING MAJOOOOOOOOOOOOR FUTURE ISSUES. EVER HEAR OF MORAL HAZARD?

Pssst..... the US has been manipulating the value of the dollar without much protest


We no longer have the almighty oil bull trend to save the market... or 1000+ gold... or the weak USD. Those issues have corrected themselves somewhat. Only thing that will save the market this time around is the Fed.

PearlwhiteS2k

[QUOTE=AZDavid,Sep 4 2008, 07:59 PM] Just outright buying puts in anything is a good strategy at the moment.

AssassinJN

CAJ - Canon is down low, however I expect in the next month or two for it to rally back up pretty good for a couple reasons. First and foremost xmas approaches, and 2nd they have just released a new low level dslr, a new mid level dslr, and have a teaser campaign started for a pro level dslr which should land in the next month.

sleeper_s2k

this is scary

hobbes235

looks like tobacco is the big name today. anybody have UST? huge gains if you were in that name. LO is having some good residual gains from the takeover talk too..

aklucsarits

Hold me!

I have noticed the last few Fridays since maybe mid-July or so that the market seems to end every week with a recovery on Friday afternoons. If you look at the beaten up financials today, they started the day down hard this morning, yet had recovered solidly into positive territory by lunch time. The only thing I can figure to explain this trend (is it a trend?) is that the market is so pessimistic, and there are so many short positions, that traders are exiting short-term short positions at the end of each week for fear of even slightly positive news popping up over the weekend.

Andrew

PearlwhiteS2k

It's part of investing . At least this year I'm up not down big like last summer. I believe the market is some what over sold for the time being and investors are starting to buy back stocks that they dump earlier in the week.

cthree

I think we are saturated with bad news and the reversal today I think is a good sign for a short term rally for the next couple of weeks.

cthree

I like the AAPL oct 180 calls. Bought 10 today for $2.88 each

s2kobsession

Couldn't agree more eric. things are looking brighter and brighter as the day progresses. It looks like do aor die time right now for TSX though.