Replies to post #15151 on Langlui's Big Board and Options Plays

[3xBuBu]

market is behavioring like 8 years ago,
more than 50% hair cut from its peak in 2000,
history could be repeat here, some rally now but diving into next year, bounce back some with new hope, then dive again
I see the strong resistance @1266

[maksim]

Just an update on yesterdays post.

Just an update...

Sold my net cost, just under half of CBI Jan 09 12.50's for $2.70 today, holding the other half of holdings still. Cost basis $1.09 with all fees. So this position is more than a double overnight. Chart still strong on this one. Will let the gains go with the stock, worst case, I am in the money on it. Will hold a tight watch.

Still holding CY Jan 09 5's. Stock up, chart looks good still.