holding 10K shares of SDS @ 20.42, stop @20.18
shorting some FAS @ 28, stop @ 28
and holding various puts (XLF, GS, MCP ....) for the downfall.
Monday should/will/might be a gap down day.
shorting some FAS @ 28, stop @ 28
and holding various puts (XLF, GS, MCP ....) for the downfall.
Monday should/will/might be a gap down day.
Quote from Bear Plunger:
Alot of my shorts that had run away against me months ago have all turned in my favor in a major way. They were ADRs (Hang Seng Listed) - the commodities have been pounded, and I'm suspecting that the turn has occured.
We'll see how these integrated oil & gas names go. If oil goes for a free fall then I'd say you better trade those puts quick. You'll miss the move.
