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Re: ajtj99 post# 111029

Monday, 11/19/2007 7:25:10 PM

Monday, November 19, 2007 7:25:10 PM

Post# of 148479
Do you think FCX got some legs as part copper / part gold play or are all metals tarnished as equity markets slip rapidly until next FED rate cut.

I having trouble reloading financial/ retail short equity calls as fast as they lose value form 20% to 1% maintenance requirement.

I going to stop writing new short calls as soon as we pass below 1430 S&P. Falling another 5% fall from here will bring a rate cut induced reflex rally. In which day it occurs can not be foreseen which is oly thing that gives me caution.

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