5 replies to this topic

[NAV]

please tell the XLF that it is the cause of this whole decline and not the DOW. Still the sucker holding above Aug 6 lows. Just could not resist. Bought some Dec 32 calls for between 2.75 and 2.8, right near 32.2 region. Risking about 5% on this trade. No Stop. Call it an extreme countertrend trade based on GUT feel.

[ogm]

please tell the XLF that it is the cause of this whole decline and not the DOW. Still the sucker holding above Aug 6 lows.

Just could not resist. Bought some Dec 32 calls for between 2.75 and 2.8, right near 32.2 region. Risking about 5% on this trade. No Stop. Call it an extreme countertrend trade based on GUT feel.

XLF is torn apart by 2 trends...

Banks are holding up strong here. Quite a few are green. On the other hand brokers are getting decimated again.

Banks fundamentaly are much stronger too here. Though Brokers aren't as good.


If I had to pick brokers, I'd pick MER, MS anc BSC... but GS iand LEH are pulling everyone down.

[espresso]

please tell the XLF that it is the cause of this whole decline and not the DOW. Still the sucker holding above Aug 6 lows.

Just could not resist. Bought some Dec 32 calls for between 2.75 and 2.8, right near 32.2 region. Risking about 5% on this trade. No Stop. Call it an extreme countertrend trade based on GUT feel.

XLF is torn apart by 2 trends...

Banks are holding up strong here. Quite a few are green. On the other hand brokers are getting decimated again.

Banks fundamentaly are much stronger too here. Though Brokers aren't as good.


If I had to pick brokers, I'd pick MER, MS anc BSC... but GS iand LEH are pulling everyone down.

If can be of any help GS has bottomed right at the close, now we just have to see the green...
jmho

[DraggdOut]

please tell the XLF that it is the cause of this whole decline and not the DOW. Still the sucker holding above Aug 6 lows.

Just could not resist. Bought some Dec 32 calls for between 2.75 and 2.8, right near 32.2 region. Risking about 5% on this trade. No Stop. Call it an extreme countertrend trade based on GUT feel.

I made the exact same trade this morning. Should have taken profits 2 hours ago.

Admittedly though, I like when I feel like a good trader is reading my mind...

[NAV]

And the RUT baby also failed to take out the Aug 6 lows.

[DraggdOut]

And the RUT baby also failed to take out the Aug 6 lows.

oh my. Equity Put:Close is outrageous.

I am getting very conflicting readings from my internals but sentiment is clear as day...