Tuesday, March 4, 2008


50%+ profits with p.o.p! .... and some help from the man upstairs.

COLDWELL "the dog" BANKER goes back under $20 (todays low was 18.90)

if you added CBGOD on the pop from 20 to 22 on our RECO, you win~! ... our "dog god" put play was down below 50 cents multiple days...today CBGOD ranged from 1.20 to 1.50... bottom line, some called us "nuts" to buy puts on the pop on CBG...go figure.
p.s. CBG will go lower >>> if/when we get more p.o.p action SHORT CBG above $20.
p.s.s. MARCH 18th = BEN


BUY ON THE DIP said...

if you dont like the SMN trade you can get out now with less than a 7% loss from our original RECO.

but today was huge "put action" in XLB.

SMN will "rise from the grave" of its 52 week low.

BUY ON THE DIP said...

(XLB) – Today’s put activity in the Materials Select Sector SPDR represents the highest level of put volume on our books for the commodities-rich ETF, sending overall volume to nearly 5 times the normal level. Volume here shows massive clusters of put volume in the March contract at strikes 39, 40 and 41, still within the confines of open interest, with trading in April puts at the 38, 40 and 41 strikes showing comparably high volume and fresh positioning – possibly representing the rollover of positions from March into April

BUY ON THE DIP said...

CBG down another 5%!!!!

CBGOD up 50% and cleared $2.

We said buy under $1...100% gains.


BUY ON THE DIP said...

talking to yourself is funny. (while making money in the market)