Monday, October 15, 2007

Bottom Fishing

Time to fish or cut bait. The selling looks a little overdone as of 1:00 PM eastern. I decided to wade in and put down some stink bids. I added Nov145 PCP calls and Apple Nov165 calls.

I am watching PCP closely. It is nearing the uptrend line of approximately $140. If it closes below that, it could get ugly.

No comments: