|
PureBytes Links
Trading Reference Links
|
Insofar as I still hold 1/2 my puts from Wednesday, my judgement may be clouded....
....but my guess is that few portfolio managers that want to keep their jobs are
going to buy into this. I'm more persuded to think they will sell rallies to
protect profits.
Of course, it's unlikely any will state that, as they have to have someone to sell
inventory to, but that's just my hunch.
Perhaps you are in and out faster than I.....so you can play the rallies. At this
point, the only way I, personally, might play it to to spread the puts.
I doubt I will do that, as "the bird in the hand..." adage seems more appropriate.
---PJS
bobrabcd wrote:
>
> Closing your short today would fit in with my perception of what the
> indicators are telling me. Basically I have several Buy Alerts, not Buy
> signals, but Alerts. This means the conditions are extreme enough to
> support a rebound and form a short term cycle low. This is in the context
> of the weekly trend still being down. The alerts would turn to buy signals
> upon certain levels being hit.
>
|