It was simple today. Bot FRE Jan35put@2.7... I didnʻt have any other positions that interest me. The FED talks tomorrow, so itʻs time to hope for vague statements that could be interpreted as negative. A rate cut is inevitable, but thatʻs not going to save FRE. So, that being said, hopefully tomorrows bad news is not already priced into the stock.
Two Anomalies:
GS. The bulls threw their hopes at it...tho it did get shot down. i red FLYʻs site saying, GS canʻt stay up, wudv been a nice put position
RIMM was an interesting rally point. Tech leaders went down, except RIMM. Couldnʻt find any news except an email service partnering with them. but i am not gonna try and call a top in this flyer. any positive FED talk will send it rocketing.
Keeping things simple...
Monday, November 19, 2007
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