SPDR S&P 500 (SPY): NM, this is very nice. Indeed, the comm....

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Re: Neutral Man post# 21868

Friday, 08/10/2007 2:39:06 AM

Friday, August 10, 2007 2:39:06 AM

NM, this is very nice. Indeed, the comm. is insignificant, if the MOVE in the right direction is so impressive. I also like Qs options, mainly because they trade in 1 cent increments and are very liquid. Anyway, I am still short. Asia and Australia are now down big time. Even the Shanghai fellows figured it out finally. WSJ has some prety nasty stuff on the "fallout intensified": IKB/ Rheinland in Germany and new home-grown dirt on Countrywide, Tarragon, Renaissance TC and Highbridge. It looks so bad that the PPT will probably go to work soon. I have to get out in time, after which they can take the Qs above 48 - good for your call spread.
Sleepless fox

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