Buying SPYs and DIA
For a trade, I am a buyer of Spyders ($127.44) and Diamonds ($112.37).
Let's see if we do better with these than the Qs.
Note: These are rentals, not long term holds . . .
UPDATE: May 18, 2006 4:00 pm
Do I suck, or what? My short term trading has become a reliable fade . . . Learn to say "Sold to You!"
As long as everyone is looking for a bounce, it ain't gonna happen.
Thursday, May 18, 2006 | 01:29 PM | Permalink
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Ahh Barry, you're not a reliable fade - just a touch early in the time I've been reading this site. Given that you're 0-3 in the last few days, I'm getting ready to average down (I got stopped out of some trades I placed Wednesday, so I can't exactly give you hell, and even if I could, I wouldn't).
I'll get really aggressive when JJC starts saying that no one can know where the bottom of this thing is.
Posted by: Bynocerus | May 18, 2006 3:30:30 PM
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