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RonnieD

05/22/09 12:31 PM

#1759 RE: ~6979~ #1758

end of day massacre coming...

i went with SRS calls and shares along with my FAZ calls.
good luck with your shorts.

still in some sleeper picks but no major board long plays.

good thing i sold my UNG calls the other day after being up right away. Had a funny feeling about nat gas inventories.
I'm suprised it's as low as 3.53/contract

gold/silver en fuego

I heard Art Cashin say, yesterday, that historically traders don't want to be short going into a long weekend, as buying can start the week next Tuesday.. however if the shorts don't cover, or add, late in today's session it will be very telling.

I am in no hurry to sell the June calls on SRS,FAZ because they have a lot of time.. max time (full 15 sessions in June plus all next week).. maybe S&P can fool with 820 by then like Art says.
http://search.cnbc.com/main.do?target=all&keywords=art%20cashin