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Trading with The Fly

Dr. Fly
Indeud

Fly Buy: LEH

Dr. Fly Wed Jan 9, 2008 7:41am EST 3 Comments

I covered part of my [[LEH]] short, buying 2,000 @ $55.22

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3 comments

  1. Longhorn
    Longhorn
    January 9, 2008 at 7:54 am

    That’s right. You know today is going to be a bounce. The market (Naz) imploding nine days in a row is very unlikely, although it could happen.

    It comes down to probabilities and reversion to the mean. If the market continues to sell off, I think you can accurately say it is “oversold”, due to emotion.

    At some point soon it will correct up.

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  2. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia
    January 9, 2008 at 7:58 am

    The market is “up” right now.

    Do not incur my wrath, man from Texas.

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  3. Juice
    Juice
    January 9, 2008 at 8:13 am

    good move …. can put it back out soon enough

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