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Alias Born 01/26/2012

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Friday, 11/02/2012 2:21:20 PM

Friday, November 02, 2012 2:21:20 PM

Post# of 37919
Not doing much, but still own gld, hedged with nov 167 calls. Not the best investment so far of my life, but am confident gld will hit 180 by end of the year.

Markets in confirmed downtrend, and the rally into the election could be over. Tempted to by appl but not taking the risk.

Bottom line: Market action and indicators all point down, but would not rule out one more rally. Of course, was going to short at 1430, but not doing anything for now. Capital preservation is always the best rule when a bear is at the door.

good luck trading.

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