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.

Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...