Tuesday, February 24, 2009

The Missing Stop... on FAZ

Well, as i even noted in my previous post. Selling above 80 would have been a good idea. The sell off was merely another leg to a lower day in the future... I admit about being bummed about missing my sell point and rebuying here (mid 50s), but my belief is that we are still waiting for the big bust...

Today would have been a good day to reload on puts. but alas, i hate having expiration dates...

Thus, I continue going forward on FAZ. My next sell point will actually be higher if we do sell off tomorrow... If we get higher, Its all about riding it out for the rest of the year. As the summer slump approaches.

But if anything, today was merely a banking of profits for the Bears.

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