Wednesday, September 2, 2009

Whole lotta nuttin

So far nothing substantial is happening - some flopping and chopping. REITS and banks are somewhat weak, AAPL has some strength, OIL is down a bit - mixed barrel.
The DARKMATTER sector is lower - this is a momentum negative.
I have some 950 puts in the SPX that Im hoping come into play today - if we could see a SPUZ price of 985 Id start to hedge them a bit by buying some futures. For now I have bought back some more AXL, bought a bit more BAC against my puts and am watching.

JB

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