Friday, August 28, 2009

Market don't want to go down

COM: Sidelines -

  • Today BA went up by 9% (51.82)  after the news that first flight will be deliver in the 4th quarter of 2010. This is where I think about CALL vs Owning the stock. 
  • Today I bought ATI puts. stock went up by $1 after I bought it. Needs to watch.
  • Todays biggest disappointment is PCLN went up by $5 ($156) in less than average volume. At one point it went down by $2 where I put limit price $4. Can't help.
  • Other disappointment is AXP. At one point it went up by 1 point (33.96).
  • Iphone will be available to CHINA some time next month. We could buy AAPL but the only issue is we next month in ipod event if they don't say any thing about TABLET/NETBOOK, I'm not sure how the market responds.
  • Watch RIMM. Should be bought if it nears 70

Now here is the million dollar question  should I hold or sell these puts and take loss. Long weekend is coming. Will next week be a down wk. It doesn't seem realistic market to go up DOW around 44% and NASDAQ 55% in the last few months.

Overall bad day.....Hope best for puts tomorrow...........

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