Monday, October 13, 2008

Now, that's history!

Ok, it is official: history does repeat itself (from the 1930's crash), and people never change! Good thing that I made out fine and kicking, despite some sub-par executions last week AND today that burnt a big chunk of the expected profits. Closed all positions except the short WLT OCT25 puts, which I collect every penny of it.

The market rallied nicely today, but with volumes so light, the bulls will run out of steam as early as tomorrow. Unless you DT, now is the time to be a bit patient, long or short.


Anonymous said...

could light volume caused by holiday?

flyingwabbit said...

that is a real possibility, we will find out tomorrow.

Kris said...

Nevertheless, at least u make something out of the Black Friday :P