added at 19.75
will add once more at 22
stop is 25 on everything
target is 05-09
will add once more at 22
stop is 25 on everything
target is 05-09
Quote from eudaemon:
05-09-11 10:50 AM
Comedian's weekly report:
The low of May has not been set. It'll be substantially lower, likely (98% odds) next week or later. Longs are currently for the extremely skilled or the foolish. 150+ points crash from friday's close is a very likely scenario before the next option expiration.
The Matador is active and hungry.
End of transmission.

whats the positionQuote from eudaemon:
Although the market has indeed drifted lower, it hasn't crashed hard and fast and therefore my long premium strategy hasn't benefited much. In fact I'd be losing money had I not played Pachinko scalping with the aid of a few of Volente's posts and trade levels to compensate for the time decay. I had to roll over to the next month to give it another week for the market to crash. Really very small % increase to my account. Nothing to be proud of.
My only consolation are the pain suffered by the myriad of perma-bulls that are losing their ass since the market topped, and that came often here to gloat about their trading prowess.
I'll be taking a vacation with some of their losses, which are part of my small winnings.
If the market doesn't crash by the end of May. I'll flatten this trade/gamble/call/crapshoot. If it crashes, I will also flatten it.
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