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Tuesday, December 11, 2007

DUMB, DUMB. DUMB

Oh Ben, what have you done and when will you ever learn?

I posted this at beanie.

fortune8 said...

DUMB, DUMB, DUMB!

In hindsight, it was not very smart not to have any hedge before the Fed meeting. I was convinced that NASDAQ would not closed above 2800 by the end of the week.

Watching and waiting for IWM to hit 80/82 to buy TWM. 79 seems to be close enough and would have been a good hedge. Worse case scenario, is to sell TWM for a small loss.

Take a look at SKF, not much to lose but a lot to gain.

Lesson Learned.




4 comments:

z-stock said...

F8
AFTER TODAY,
I'M going to have to switch into recession camp.....
the FED blew it Big time....
and so the worst possible case scenarios, have to factored in to every buy situation....
if we get a dead cat bounce tomorrow...you should short that....as a hedge...if you decide to buy a call....
zee...
remember....all calls must be accompanied by a put....
WE ARE IN A RECESION!!!!
UNTIL THE BULLS CAN PROVE OTHERWISE....and the jan earnings is a long long ways away....
and....
i noticed CTX and DHI up 11%...in AH...first thing tomorrow...i want you to buy puts ...those two....cause you might as well start getting your portfolio to have 50% puts in it.....asap...
zee
i left contact info at your dec 7th comment section...



i just can't beleive the dow didn't rally UP 300....

SKI said...

F8...QID...MZZ...SKF...TWM...Which one of these is the best play moving foward?..Thx,.Ski.

fortune8 said...

ski,

Don't try to find a best play. Play them all.

fortune8 said...

ski,

Bought TWM today.

Will look at the others.