Friday, October 2, 2009

So we made a chop ($$) the last few days

I have neutralized a lot of my downside (not all), and Im thinking about what to do now - Im still long term bearish but my sense of fairness and justice has been satiated by this 6% downmove from the 1080 high last week...
So this morning I was a covering machine - sold some put premium as the VIX traded above 29...
and now Im actually a tad long in some names....

AAPL is exploding higher by $4 today - I think thats a sale - lemeee go here

JB

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