What a week we had. Just a few days ago it looked like we had a double bottom , and just this morning it looked like we were going to shoot up another 200 points due to the CPI data.
Then [[BSC]] comes out with the news. Which is fine, because I made a truckload on some puts (it was amazing to watch the stock fall lower and lower).
Note: The Fly & Gunners have been dead right on the brokers.
In short, it’s hard to be a bull. The brokers report next week, and it looks like we may close below 12,000. I sold all my longs this morning, and see no reason to buy stocks.
Cash is king!
See you this weekend….
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Nice trade on BSC.
Which strike did you buy?
I actually bought the LEH 45 puts near the open.
Nice call on that OA
every day that goes by, with LEH going lower, without even reporting that much bad about themselves, I lower my target for the stock for when they report their shitty writedowns and losses. looks like they are just going to wait until earnings. I thought they would have eased the bad news in. Good chance that LEH bombs in half after earnings. Maybe not, but considering i’m up big on the short LEH game, I’m ready to let some ride for the chance of a bear stearns #2.