Friday, November 9, 2007

Learning The Bear

Watched stocks attempt a rally @3:15. Thought of "putting". but chickened out...
It was especially evident in BIDU, which i will use as a teach sheet. The other Techies zigzagged before breaking...


It still has room before getting to the floor. It has to get to 306ish on a 50 day...


Itʻs wierd to look at this as an opportunity that may have passed me by... On the other hand, more bad news awaits...
Iʻm looking at LEAPS... Iʻm still hoping for the market to head down...but not too quickly...

1 comment:

Gio said...

Hey stuck. Am I first to post? Anyway good to see u bloggin. You'll learn fast. as for bein a bear, I don't think myself in that way cuz I feel all dirty. Just think breakdown greed and protection. That's when we short. When market breaks down I short, when my company reports I buy puts like I did with jaso, and when people get greedy on a stock then I short that too. Best thing to do is wait for trend to be down, then all u gotta do is flip your orientation... Uh, u know what I mean$. Tim is a stubborn bear, u can learn a lot from him but sometimes he just won't quit.but boy is he a pro! He's on my list of elite bloggers. Anyway, welcome to the club. We all have our style of trading that works pretty good. Soon you'll get yours. Want anything from PI?