« Working Toward a Breakout? | Another Non-Keeper »

10/31/2008

Feeb-Oil

The "rally" is pretty feeble-looking. I wound up selling 35 NQ @ 1340 since, being a Friday, I think people are going to lack the gumption to hold. Also there's the matter of a certain election on Tuesday which will almost certainly usher in a government of higher taxes, much higher capital gains taxes, and other non-stock-friendly stuff.

I'm also buying puts on OIH. This is a clean trade with a contingent stop at $99.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e009898222883301156fbb9541970c

Listed below are links to weblogs that reference Feeb-Oil:

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment