Lets face it, only IYB, NAV and Semi got it right............the others are just wanna be
Whoa
Started by
NAV
, Aug 09 2007 02:45 PM
11 replies to this topic
#11
Posted 09 August 2007 - 03:12 PM
#12
Posted 09 August 2007 - 04:05 PM
Nav- totally agree. I came in flat, played a nice Q put from 40 to 70 cents(QQQTV). Left a ton on the table, and truly don't care-as I was waiting to position long. As you said, it is my experience as well that the crash doesn't come when expected by all. We finally got almost a correction-no big surprize. I went long the close, and will manage the trade, but feel risk reward was skewed my way-time will tell. Have been waiting for a classic capitulation bottom-and for my money-this looked like one. Kisa's point very well made,as well-nice of Europe to float that chunk of cash.
Spooky