Sunday, July 13, 2008

Rally time?

Paulson for now has pumped up the markets. Lets see what happens tomorrow but for now looks like he has managed to shore up FNM/ FRE temporarily w/o putting any fed money into them. Yet.

So the plan for this wk is as follows. Clean up the small block of SKF /QID remaining Mon if futures still want to bounce up.

2 comments:

Greenlander said...

Picked up some UYG calls on the morning tank. We might see my VIX 35 and 1180 SP500 target but I'm going to take a look here.

Greenlander said...

Yikes still ugly. Looks like we gotta have to tank really hard for market to recover.

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...