Monday, March 24, 2008

What a call

What a call on the market- Seem like the bulls trying to buy up the market in the last week to window dress up portfolios. They have to as this quarter is the worst since 02

TRADE CALL

Got MA calls for $20. We will see if this one is a winner too. Just think risk reward is good here.

TRADE CALL

I am buying a small call position in MA(Mastercard) at the open. I will be looking at the $200 calls currently trading at 18.90. I am risking all on it , NO STOPS!!! on that trade.

BULLISH HERE

Yes I am turn BULLISH here short term. Right now I am going to play the contrarian in the market as everyone is saying doom and gloom, I am a TRADER and that's what I will do trade the markets. Last week thursday I wrote that the short side seems to be played out on the short term horizon and more money should be made on the long side in the short term. I can see us getting a pretty sizable move here near term. In fact, I could see us over YEARLY highs in the near future before we turn back down again and get a pretty massive selloff.
So, I am looking to get long early this week on some beaten down piglets. I think some of the tech names should get a bounce. I will say that if we do get a decent bounce and you're in the right stocks this could be a VERY nice time to rack up some huge gains. The best thing is, even if that's the wrong call we can take small loss and reverse.
I think there is a very good shot be go back to the 13000/13500 area in the next couple of weeks and I really hope so and I do think longer term we will head much lower. Allowing for a substantial bounce here will make it better for us to head into some nice shorts for the downside.
One another note I have two stocks that I believe will get a HUGE bounce and if I am correct you can make your year on these two plays. If anyone is interested I will only be sending them privately via email NOT ON THE BLOG.

Have a great week