Tuesday, July 15, 2008

I am getting Smacked!!!

I was watching USO getting 146+/barrel. I then watch it settle and find nothing going on with USO. I go and so something for a 1/2 hour and BAM, USO is getting hammerred (i thought of buying puts for a second just prior...too little too late)

Realize though that Oil is nothing go hard on shorts/puts. To make matters worse, I sold off GOOG & RIMM puts too early, but who knew. Anyway, i have some decisions to make... Hold... or even Buy...

My only consolation is that i left my Portfolio B alone. Which basically gained 100% the other day...

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