I am disgusted but I was very close to covered calls on AAPL when it was $130.
AAL: Up today over $1 in a terrible market. That makes me think that it might be turning a corner and that a move back up to $50 or beyond is in the cards.
Wade: why don't you buy S&P500 PUTs if you think the market is going to tank ? If the S&P drops 10% by the end of Sept you could make a 500% or greater profit on those.
In addition, a voodoo priestess came to me in a dream last night and whispered, "Apple breached the 200 day moving average, so it's going down and so are you!"
I told her I didn't believe in that t/a stuff. She said, "You soon will!"