Yeah like I said great call to short on 8/20. Since then LEH has gone from $13.73 to $16.20 GS has gone from $158.25 to $163.52. UYG has gone from $19.58 to $21.93 and the XLF has gone $20.35 to $21.74.
Please tell me your next move so I can do the opposite.
You're a bigger idiot than I thought. If you are just opening a short position now you're late to the prom. I bought puts back in April and sold them in July. That's how you trade. You're going to get smoked once the Fed comes up with a bailout plan for Fannie & Freddie. Their shareholders might like it but the market will.
I agree totally. Maybe next week they will announce something to save the market. Yep, just the game of wall street. Monday will open 100pts gap? long puts on DIA at 12100-12300? For now prepare for september run(uptrend) and october to remember(will see new low).