AI
Monday, May 03, 2004 10:55:05 AM
Buying opportunities abound: GVHR, LSCP ESMC MCHP QQQ nice plays today. Another 19% on the tasr puts and picked up some calls at the lows. We expected a relief rally today and prepared quite well for it. This time finished trading by 10:53. Will just nurse new straddles for this week (some of our Friday earnings plays for today triggered sharply) We certainly did not need to buy at highs but waited for the lowest support levels to bounce.
For some incomprhensible reason, bulls (or wannabe bulls) think bears don't have the same knowledge to predict a bear flag relief rally and act upon it! The only difference is that we're not down a half dozen stocks before the rally and only locked in final gains with puts at hard stops well above profit targets.
For some incomprhensible reason, bulls (or wannabe bulls) think bears don't have the same knowledge to predict a bear flag relief rally and act upon it! The only difference is that we're not down a half dozen stocks before the rally and only locked in final gains with puts at hard stops well above profit targets.
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