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04/16/09 7:27 PM

#2037 RE: Pennyland #2035

excellent. i bought some options lately, too. i think it's time to hedge for "sell in may and go away", which means puts on some of these high fliers. FCX for one. i am hearing negative things about their numbers from a demand side, and the chart is certainly toppy. notice also how the volume is tapering off?

on the bull side i'm going further out in the calendar, to when we might see another rally. i bought URE sept 7 calls. in for .25... and already green on those, thanks to the reit news... :)