1 reply to this topic

[J.Bilkins]

I love this setup for a hort play but the odds of me being successful iin a long play on a breakout above my areas on my charts would be large as well. I have been long for awhile and getting greedy. I am selling Monday. If it breaks above this area and holds above, I will reevaluate.
I am buying leap puts Monday with seperate months and strikes. I believe that leaps on SINA may possibly be an incredible hedge that would make huge returns from here if the market got body slammed.

Derivatives, derivatives.....all about derivatives. I have no clue how my way out of the money leap puts on SINA will be succesful. I can not figure out how it can collapse when I can make an 8000% return if it does and I have scraps compared to the boyz. The exponential effects simply boggle me...

That is why I am sticking to the charts.
test a

test b

[PorkLoin]

J Bilkins: I have been long for awhile and getting greedy

Ha! I love it. It's good to be able to recognize that in ourselves.

Hugely powerful move up this month, and it's overbought like a hound, but that doesn't mean it's gonna plunge. The persistence of trends can be amazing.


Best,

Doug