Saturday, March 01, 2008 12:52:40 AM
Market prognosis........Part 2
The boys i picked this up from are very good daytraders. They are both leery of going short on this market due to the wild intraday swings and have no patience to sit in a stock more than a couple hours. They both recommend lowering the size of stock in any trade so u dont get bit hard either way and preserve capital by limiting losses and taking gains quickly.
With that said, im thinking possibly a good strategy is using a spread, probably Aprils call & puts above and below to capture the volatility on the ups and downs. Short term it seems as if the market is now intent on testing the January lows however i wouldnt bet that it comes roaring back anytime soon. This strategy might give us the time needed to cash in on both calls and puts.
Im interested in what u think Bobby........lay it on us.
The boys i picked this up from are very good daytraders. They are both leery of going short on this market due to the wild intraday swings and have no patience to sit in a stock more than a couple hours. They both recommend lowering the size of stock in any trade so u dont get bit hard either way and preserve capital by limiting losses and taking gains quickly.
With that said, im thinking possibly a good strategy is using a spread, probably Aprils call & puts above and below to capture the volatility on the ups and downs. Short term it seems as if the market is now intent on testing the January lows however i wouldnt bet that it comes roaring back anytime soon. This strategy might give us the time needed to cash in on both calls and puts.
Im interested in what u think Bobby........lay it on us.
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