Monday, July 14, 2008

BOUGHT... HOLD... Check Out Bank problems ahead...

-HOT aug25puts & nov30put: I reloaded on HOT, with November puts to ride... A market bounce does not change Starwoods future. I wish I bought MAR puts last week. It still has room to fall to about $14/$15 low found in 2002, just before the last bull market and post 9/11.

-USO aug117call: Stronger $US keeping it from breaking out, yet $/barrel going sideways, but one attack in middle east spells a spike...
-RHT jan12.5put: boring... but look at it! It is dying slowly... almost no option volume, just waiting for future stink earnings.

Props to GIO who got a nice spike on CSIQ. I almost bought it today... nope. I cant go against the general market trend. I dont have the fortitude to follow solars. Apologies to Brian, maybe he should have bought that iPhone position... and sold. It was a net 100%+ on calls with the same going for puts if you positioned for a fade.

Watchlist: MAR, GOOG, NOK, C.

CHECK out this link, thot FNM/FRE like fiascos are over? think again...

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