Thursday, November 18, 2010

Ireland Bailout Coming?

There is a big gap up this morning, in part because there seems to be rumors of an imminent bailout of Irish banks.  Who knows when that news comes out, but I don't think it will be good for the market.  I have added to my short and will be holding till next week in all likelihood.  I am expecting the big drop after options expiration. 

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