Thursday, October 16, 2008

Bouncing market, leaping wabbit!

Shorted a bunch of ISRG OCT140 and 135 puts this morning, and now looks like your wabbit will pock some decent profits tomorrow even if GoldmanSucks strikes again!

As the market bouncing around violently, booking quick profits is the only way you can play. I am still waiting for a new price low following this Monday's momentum low to really build up swing long positions. In the meantime, a quick short around MA10 or MA20 should work for most stocks, the key here is QUICK!

Good luck all!

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