Vertical Spreads for Aggressive Growth

[Cache Landing]

Quote from rallymode:

cache,

you wanna catch some falling knives? Just look at any chip stock

Yeah, I'm waiting for a bounce in chips and box makers. Just looking for good bear opportunities. They were strong for too long against the rising interest rates. A few more increased rates are going to slaughter all the EPS forecasts.

Biotech and Health Care OTOH, very strong for the next little bit. Safe haven stocks, so will make good bull spreads. I would've expected the same of gold/silver, but they are getting hurt too. Can't figure that one out.

 

[rallymode]

Quote from Cache Landing:

Yeah, I'm waiting for a bounce in chips and box makers. Just looking for good bear opportunities. They were strong for too long against the rising interest rates. A few more increased rates are going to slaughter all the EPS forecasts.

Look at the sox, i almost feel like i made money on that trade even though i took a loss LOL

This market will be tough to trade between now and end of next week. I will probably just sit it out and not open anything new until we have a clearer direction.

 

[Cache Landing]

Quote from rallymode:

Look at the sox, i almost feel like i made money on that trade even though i took a loss LOL

Benjamin Franklin always said on those commercials that, "a penny saved is a penny earned".

This market will be tough to trade between now and end of next week. I will probably just sit it out and not open anything new until we have a clearer direction.

My plan too.

 

[ryank]

Quote from rallymode:

This market will be tough to trade between now and end of next week. I will probably just sit it out and not open anything new until we have a clearer direction.

Sounds like a good time to take a vacation .

 

[rallymode]

Quote from ryank:

Sounds like a good time to take a vacation .

great idea, i only have 2 positions on right now and they need no monitoring. Vegas sounds nice just about now LOL

cache, where are you from?

 

[Cache Landing]

Quote from rallymode:

great idea, i only have 2 positions on right now and they need no monitoring. Vegas sounds nice just about now LOL

cache, where are you from?

Utah

 

[ryank]

Quote from rallymode:

great idea, i only have 2 positions on right now and they need no monitoring. Vegas sounds nice just about now LOL

cache, where are you from?

I'm heading to Colorado for a long vacation on Sunday, the market is trying to accomodate me I guess .

 

[cnms2]

"need no monitoring"? What positions?

Quote from rallymode:

great idea, i only have 2 positions on right now and they need no monitoring. Vegas sounds nice just about now LOL

cache, where are you from?

 

[rallymode]

Quote from cnms2:

"need no monitoring"? What positions?

well not no monitoring per se, but not much till 2 days within expiration.

 

[cnms2]

Still, what kind of position are you talking about? I'm just curious, not looking to disagree with you.

Quote from rallymode:

well not no monitoring per se, but not much till 2 days within expiration.