"The man who can grin, when his ship comes in, and he's got the stock market beat. But the man who is worthwhile, is the man who can smile when his pants are too tight in the seat" - Judge Smails
Thursday, April 9, 2009
Back to back to back.
Seems like old times. Chart says buy, you buy and the market goes your way. People are getting a little frisky out there. Bank stocks trading like 2007, come on get real. Pain right now is to the down side as shorts seem to be very wary here. I am looking for a 6-8% selloff into expiration next week. Would buy in the money puts as a way to play the negative delta as well as the sub-40 VIX.