Wednesday, September 1, 2010

Hangin’ In, Loading Up – 9/1/10

September 1, 2010

I never got rid of the my previously mentioned puts… They are not even near break-even now at $1.00. But indications are that I should repurchase them soon, just in case I did sell.

So what am I going to do? Buy more. Just a word of caution. Don’t do this. (Wish me luck)

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Free-falling Carbon-based Traders – Gotta Chuckle

September 1, 2010
I really got a chuckle out of this quote by SheepDog-One via Zero Hedge – USDCHR In Free Fall, Approches Parity As Hungary Cries Uncle, The Global QE Monster Stirs, And LBMA Provisionally Nukes Gold
on Wed, 09/01/2010 – 08:06
#557294

SheepDog is referring to the computer trading that has been very successful today in bumping up the market.

Utter insanity! Im going to wear my helmet around the streets today in case of any free-falling carbon based traders.

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Quick Trading Update – 9/1/10

September 1, 2010

Just a real quick update on the puts I bought Monday.

I’m still in them. I had some problems with my trading platform and should have dumped them before now but I’m currently near break-even and my indicators are not saying that the Q’s are going to break above this level so I’m going to stay in them for a little while and see what develops.

Patrick

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