bbgold: One indication that bottom is near is radio commercial of woman's voice saying "Honey, let's dump our stocks and invest in something real." She then goes on to tell her husband about replacement windows and storm doors!!!
As soon as the rest of the herd adopts that mentality, it will be time to buy. I'm thinking about General Electric, believe it or not. Say somethiong gruesome happens and it breaks the support of recent low at 25. Doesn't matter whether it's at 20 or some lower number. Buy out-of-the money calls at 30 and ride them up. Then -- just for fun -- instead of selling your calls when stock is back above 30 tell the powers that be that you want to exercise the option and buy the stock at 30. This ought to scare the dickens out of those who assume that options are just a speculation and can be walked down to expire worthless.
Caradoc
PS: Crystal ball says world markets head up on the 11th but that's a holiday in US so track the 12th for rise. If something gruesome happens on the 8th (previous Friday), buying time may have arrived that afternoon.
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