Tuesday, April 29, 2008

I was right AND wrong... on V

So, maybe now i should buy a put, considering the FED will open their big mouth in a few minutes - then you will see some volatility. The aftermarket red yesterday actually reversed to green today. Was it a fake out by the big brokers? Maybe. More likely it was their competitor MA that V is riding its coat tails on.

I do think that this week will say alot about how V (or for that matter any particular stock) will fare. Say the FED says tomorrow that everything stinks, cut rates with a note that they will pause on these quarterly cuts - if your ticker continues northward... good times ahead. If the stock keeps this trend in this horrible economy, then you can imagine what happens if a bull market was to return... which i dont see happening for a long time.

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