Just when you think the Bulls win the day... The Bears get a seems like perfectly timed news in their favor.
Brave Bears bought puts early in the session (believe me it crossed my mind). GOOG, BIDU, financials, would have got you such a huge swing...
I added to my puts with AKAM. I have no guts to go against leaders.
I was really hoping for the market to fall a bit slower...
It pays to be nimble for sure... in a bit of irony, FLY (the baddest bull of the herd)posted last week a specific stocks in a variety of sectors he would position if he was indeed a bear. It's worth a second look...
The one and ONLY stock i'm bullish on days before earnings is AAPL
-SEEKING ALPHA lists a number of already OBVIOUS reasons
1)Products (Macs, iPods, iPhones)
3)Revenue Sharing (iPhone plans, possible AppleTV rental)
all three work in conjuction with the other, and the storefront has continues to build traffic. iPhone & Apple Stores are expanding throughout Europe & Asia.
So, watch for Jan 15, 2008 MacWorld... get those calls in before then.