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I am sure she is worth every penny if she kept you out of City from $20.00 down. She is pretty interesting, her thesis is simple; that the writedowns affect capital ratios which means more shares and price dilution ie., lower prices. She is married to a pro wrestler, too funny!:)...

cover 86.05

hedged 86.70 looks like something is being front run, not sure what the fed has got in store, but it started yesterday after the close which means we didn't get the memo. :)

] add short 86.62

short spy 86.32 no stop.

840 is a place where there is some equilibrium, whether it is a fib retrace, etc., is not as important as that momentum (news, new information) will move it away from this spot in the next week or so; what that catalyst will be I haven't a clue. Notice 800 is a major pivot/resistance on the low...

cover 84.60

short spy 85.05 stop 85.50

scratch trade at even

long spy 83.75 scalp .30 stop

The first part is delta, if the stock doesn't move and the option is cheaper then it should be theta. You should card up the greeks, delta, theta, etc.

So if you get robbed in Zimbabwe are they pissed if you only have a couple million on you, too bad they invented computers the abacus makers are shit out of luck. I thought Schiff's strategy was to go long euro stocks creating a double loser when the euro came down to earth.

http://www.forbes.com/2008/02/28/rolex-collections-watches-forbeslife-time08-cx_nr_0229watch.html for the posers

cover 842

short es 847.50 stop 852

out 81.55

short spy 82.10 stop .30

looks like market makers win this time, watch it open at 300 tomorrow.:p

QQQQ's look good today lots of good tech news for once.

faz