Wednesday, November 28, 2007

Rally... BULL BUYS

Itʻs time to put the breaks on bears...switching gears
-oil is down
-hint of rate cut

GOOG: Dec750call & 800(far yes, accidental trade might as well ride it)
VMW: Dec95call
RIMM: Dec123.3call
AAPL: it triggered (too early)...

bot a former favorite: SNCR (my lone put buy)... despite iPhones selling

I still got Dec puts in IWM, DELL, AKAM, GOOG, Jan20put in FRE.

It looks as if the flyers will fly til weeks end...well at least til tomorrow
I briefly looked at FSLR... a break through 220 resistance and weʻre off to the 300s.
FSLR usually keeps stable when the market tanks and as oil goes up, also it falls AFTER other flyers.

Anyway, weʻll hopefully gap up before the bears make their comeback.

1 comment:

Gio said...

we'll c how long this will play out. But from the looks of it, it's one of those short-cover rallies. Almost a perfect line going up the past two days. It's not a true rally, but who knows how long it will last. I bought puts instead due to a bunch of failed breakouts in the leaders... there's hesitation on the bulls.