Zeev's Turnips Patch-No Politics (ZEEV)

[Paul A]

Zeev- although I dont follow options/max pain, I noted several posts here and elsewhere and made notes to see how close we came to the numbers on the close.. Actually I think yesterday was a picture perfect day if you believe prices can be manipulated for option purposes..

Possibly a good sign that you are correct regarding yesterday being options related/irrelevant despite the ugly look of the nasdaq.. I guess we find out next week : )

I took off 1 of the positions I bought in LEXR just to play it safe.. They gave me a fill at 19.59, so pocketing .50 seemed to be the smart thing leaving me with an Average now at 20.60.. Max pain on LEXR was $20.. There were no punches pulled keeping that close at that level. Ill probably pick up that position again at 19/19.5 on Monday and see if we continue down or bounce. Heck- I may dump it all if we go to 19 and take it on the short side- although I think alot of money can be made trading it long here in the 20-22 range..

I have been stepping back quite a bit over the last 2 weeks... For the past 5 years I was only able to follow the market every 15 minutes during the day.. Being able to monitor every second-tick by tick sure changes the emotional state of a trader and I have to be careful I dont let them whipsaw me..

Enjoy the weekend!