Tuesday, March 10, 2009

Enjoying the SQUEEZE!!!



The past couple days were difficult, but today's rally has made it worthwhile. It's important to remember that timing this market perfectly is not possible. From today's action, it seems like my decision to sell my puts and scale into calls over the last week was correct, but the markets action over the next couple days will be the tell.

I am positioned very well and taking advantage of today's rally. I am currently considering whether this rally has legs and if I should let my winners run, or if i should start taking some profits.....

I would like to say right here, even if this market does enjoy a formidable bounce, I DO NOT think we have hit bottom, and I plan on buying PUTS hand over fist to take advantage of the downside when this rally subsides....