Friday, October 10, 2008


If you're getting LONG ...   Don't CHASE johnny! 

Our DOW target of $7899.52 was pretty money, eh? 

PUTS of POWER:  IBM, BWLD, COF, BIG (added OIH puts)
(why did we sell our STI and TROW puts, arg!)   

Had we not used stop losses yesterday, we'd be down 19.73%  on the ETF basket of HOPE-Less! 

UPDATE:  just bought UYM under $20! ROM and DIG under $25!   UKF under $23! 
......   third times a charm ? 


BUY ON THE DIP said...

The DIPfolio "third times a charm" ETF basket of LIFE!

up 3.35%

stop losses moved up.. go team!

goal = don't lose money

BUY ON THE DIP said...

here we go again...


cl said...

I was up $600 with options, but due to them being illiquid, the bid/ask was so wide I lost a couple hundred bux...fuck that, I will no longer trade options with a bid ask wider than .20

BUY ON THE DIP said...

yes sir. must have volume for most options to be worth your time.

we're mainly sticking with these fucking ETFs,

and hey, at least we can't lose 30% in ten seconds.