Wednesday, November 5, 2008

SHORT UBB

Today's forecast: Negative market forecast for Thursday. Tim Knight is bearish and looks for Spy to trade as low as 86. Palisades Research give Down market S&P at 74%. I will add to short position on any rally tomorrow.
I am thankful that the Obama selloff saved my UBB put option and I will exit if the target is hit tomorrow or Friday.

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