40 point range -all quiet after yesterday's thought provoking drop. There are times as Price Headley says when you earn more by sitting on your hands and doing nothing. I could have possibly traded in and out of my short 4200 puts, but comms would have swallowed a chunk of that as moves were not so big.
I see no reason for the market to get excited one way or another- so while I think shares are priced at twice what they are worth, the market thinks they are just right. I just trade the wiggly line on the screen and the statistical 'edge'. I'd like the F up about 200 though, I'd like to sell some calls.
Tuesday, 16 June 2009
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