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Re: farooq post# 4428

Friday, 09/15/2006 11:28:33 AM

Friday, September 15, 2006 11:28:33 AM

Post# of 31925
So we reached here what we do now?
I think now we go down, but max down could be 37.18 if we closed above 40.55 we will test 42 areas on the chart, but I am 75% sure that from here we will go down. So fasten your seat belts.
I did sold puts on September 40 yesterday and I have no intention to cover them.
Pokersam you need to adjust your projection.

My view yesterday,
"I have a hunch we might try 40.35 before going back, no TA reasoning.
I might buy again @ 39.82 with stop of 39.65, earlier sold every thing @ 40.05 that was my logical target, Hold on put buying also. Do your own D/D.
Farooq
I have 100 Oct 39 series @ 0.55, which are down.
Pokersam, you should switch for 39 or 40 will make more sense now, JMHOP."

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

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