Today I will Get Blasted... both MOT & EXPE posted profits... i am shocked... floored.
The street was surprised MOT held up... especially in their handsets
I dont know how much of my portfolio i will even have after today...
I went heavy on the put side with no coverage on the call side... HARD LESSON LEARNED...
The only good thing was having options in October versus all August...
(a no winner - the call side didnt even strike gold... bad all around for options)
I can list a number of mistakes in the past 3 weeks...
-Missed ʻputingʻ a position in MAR earnings(b/cz i forgot)
-Distracted w/ GOOG earnings (so MSFT puts, i knew it was there)
-Didnt position for AAPL low ball guidance (hello? 7 of the last 8 Q)
-Wasnt aggressive enough on HOT earnings (distracted by AAPL/USO)
So as u see, i add yet a fatal error to my managing...
I wont even bother looking at the charts... blood bath...
I am done folks for awhile... If you have any long term plays send them... here...
Mother Market Taketh Today...
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2 comments:
Yeah dude, that MOT was a surprise. Tech did good today. Long term, I think a lot of ugly stuff that have rallied are good for long term puts. For example, PCLN, ANF, OSTK, and GME. Those are my longterm put plays.
Today was the trickiest day on the street this month. All kinds of anomalies. I think we're in for a major move soon. I'm guessing down.
Hey Stuck, read this post from Fly...
http://www.ibankcoin.com/flyblog/index.php/2008/07/30/time-to-buy-oil/
or click here
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