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
SINA
Started by
J.Bilkins
, Jan 27 2007 01:02 PM
1 reply to this topic
#1
Posted 27 January 2007 - 01:02 PM
#2
Posted 30 January 2007 - 08:38 AM
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