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Strait Trades
Monday, September 29, 2008
Market COULD collapse......
DOW @ -289 and we just had another wave of selling. B/C the SEC banned shorting there's no limits to prop the market up below the lows from what it looks like. We need to test those previous lows on the SPX now and the DOW as well.
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out MCD 57.5 strike @ .90.
Picked up TOL $20 strike @ .45
Picked up BACVE out of sympothy actually
Market holding firm. Bit of a surprise
2nd best day in my life
BOT BAC $20 put @ .49.
Closed the MER $22.5 @ 2.60 as well
Closed BAC $30 @ 2.40 from .80
Bailout failed. -650
RE: Market COULD collapse -500
NCC going down the tubes. (from a diff board)
Market COULD collapse......
Covered MER $21 strike puts....
AAPL headed lower on RIMM
Oil
JWN (representing retail)
BAC (chart) (W)
Short MER
Current Account
New Blog
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