Wednesday, March 5, 2008

Getting off the Mat

You have to give the market credit. Everything that the bears have thrown at it have been repelled. This market, thus far, is Rocky. This leads me to continue to have a bullish slant to the way I trade.

Trust me, I have that sick feeling whenever the market goes south, knowing what we all know about the economy and the credit situation, however, I also know that the best trades often happen when you are going against the herd.

Yesterday, I closed out my TIE puts. It was a great trade, but time to move on. I also added GRMN calls (April). The price of this stock is just too cheap. Selling the puts have allowed to raise some cash again. This is cash I will careful with.

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