Tuesday Wrap-Up |
| Published: October 2, 2007, 11:20 pm |
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Wow, what a busy week so far! We’ve been day trading a lot so there’s been a ton of activity and, of course, my call to take 25% of our callers off the table on Monday was followed by a note to members yesterday to do more of the same as I said: Posted October 2, 2007 at 10:11 am Permalink Pending home sales lowest EVER down 6.5% from last month, down 21.5% from last year - Will it matter?? It’s old news but stunningly bad. No sense in not stopping out of winning plays - lots of things to buy with cash! XXX Posted October 2, 2007 at 12:35 pm Permalink Today is a gift for repositioning more bullish. Able to buy out some callers a little lower than yesterday and choose new covers with care (although I still love the FXI puts). All in all 53 positions have already come off the table, about the same as all of last week and it’s only Tuesday! We’re moving back towards cash as the market looks tricky and we’ve been playing [ Full article ] |
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