Wednesday, October 15, 2008

TRADE CALL UPDATE: EBAY SHORT

EBAY just reported earnings and bang they missed. So that short call was sweet. I think EBAY can trade down to $12. easily so keep that short on and ride that baby down.

Also how is that QCOM Puts play doing????

free money folks FREE!!!!!!



ONLY WINNERS HERE!!!!!!!!!!!!!!

No safety

Well hey this is reality here. Bailout will and isn't working, buying stakes in banks wont help, the fact is we are just in a contracting environment and worse we are experiencing deflation across all asset classes.
The DOW is in sell mode and I dont see any form of panic yet, which is scary. No panic means we can go much much lower before we even get a meaning full bounce in this bear market. With 3 minutes to go we are the lows of the day and we have completely wiped out the huge day up of over 900 points.


Don't buy, don't buy, play short and you will be happy we are in a bear market.


MARKETJEDI

TRADING FUTURES

Guys you have to get on board with futures trading. We are constantly getting days were the DOW is moving 500-1000 points. We will get these wild swing till the VIX come down below 20 which could take awhile. Take opportunities when they arise as in this time. If you are a real traders this is the best market ever because of the volatility.


I will be posting some stuff on futures trading and possible giving a class if I have enough people interested.


MARKETJEDI

TRADE CALL: EBAY Short

EBAY short here @$15.80 is the call.
If you want to play the options play $15 January puts @$1.63 (QXB MC)

Recession.

The FED is officially saying we are in a Recession. Well for all those who thought it was not going to happen here it is. Actually we have been in a recession for over 9 months in my opinion.
On that Note I would be looking to short RTH here if you are a short side player. The retailers are going to have a hard time this year christmas.