What a finish!
Today turned out to be a pretty good day despite waking up to a death spiral of inverse ETFs.
I’m still holding [[NVDA]] & [[RIMM]] calls from earlier today.
Top pick: [[MELI]]
Updates and charts later tonight…
If you enjoy the content at iBankCoin, please follow us on Twitter
yes?
Wow, I hope you caught some of this move.
Yeah, i’ve had a great week. Mid-Late Feb was rough for me as I was stuck in some short positions (SPWR was one, but held solid and made money when it was dipping into the 50s).
I failed to get out of in time so I had to ride them out missing some great opportunities. But by yesterday I was out of 90% of my shorts (VERY LUCKY) and dove into some ultra financials mid/late day, which was sold at the open today.
Other than that, i was nibbling on some VIX puts when it was spiking above 29 this week.
So right now i’m just hoping the VIX dips below 25 by Thusday, when i want to start building my shorts up again.
The Fed’s action today just stops a complete unravelling of things and slows it all down, nothing has changed in my opinion, but i’m happy to have timed things better this bounce.
I will also be watching those cagey solars again, FSLR starting to get tasty to go short on above 200 again.