06-22-2012, 10:13 AM
I just bought $11 BAC calls for November. Should have did this 2 weeks ago but taking advantage of the dip.
Short term I'm sitting prior to buying TZA or TNA. My gut feeling is the market will drop a little more next week, but it could just as well bounce. I see 2 drivers right now.
1. Jobs Jobs Jobs.... 2 weeks from now will be the June Jobs number and I think its either going to be flat or down. If its down, shit is going to go down.
2. Spain is a pain when it rains in the plains...... News on Spain will push the market either way. From a news perspective it seems wide open. I dpont like that the sky was falling, and the G20 was going to discuss it, and then there wasn't crap out of the g20.
Short term I'm sitting prior to buying TZA or TNA. My gut feeling is the market will drop a little more next week, but it could just as well bounce. I see 2 drivers right now.
1. Jobs Jobs Jobs.... 2 weeks from now will be the June Jobs number and I think its either going to be flat or down. If its down, shit is going to go down.
2. Spain is a pain when it rains in the plains...... News on Spain will push the market either way. From a news perspective it seems wide open. I dpont like that the sky was falling, and the G20 was going to discuss it, and then there wasn't crap out of the g20.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi