Monday, April 5, 2010

Doing Nothing

We are getting closer to the turning point but not quite there yet.  I think we'll get another bump higher after today's Fed meeting is out of the way.  Just sitting on my hands and respecting this strong trend.
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2 comments:

  1. Anonymous4/05/2010 03:22:00 PM

    It's like waiting for a winter storm to ride a wave in the summer.

    ReplyDelete
  2. Anonymous4/05/2010 09:44:00 PM

    I think I understand how Neke made all his money.

    He just went long options.

    Check out the april calls in LVS. LVS today had 10% move, pretty good move but not uncommon amongst market stocks.

    All the calls that center around the 20 dollar area had moves from 50% to almost 100%.

    ReplyDelete