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RaginCajun

No Confidence

I don’t have that much confidence buying when the market is up 200 points, this cannot be the bottom after what just happened. However, I did end up buying my [[MELI]] this morning, and already regret it. I felt like I needed a long as mother market was lighting up shorts, stupid.

In an environment like this it’s best to have a thesis and pick a direction, otherwise mother market is going to churn and burn you.

Note: I fell like shorting [[LEH]] up here, but will wait for the FED.

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Danny was Dead Right!

Several derivatives later at the Sterns compound:

[youtube:http://www.youtube.com/watch?v=DMXhf2klQOs 450 300]

In the video he exclaims, “We have to get rid of the bonds at any price!” I guess that explains $2/share for the company.

Note: This video was made 7 months ago, talk about a time machine– Great Work!

Note to Danny: I demand a new video.

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FSLR: Short Idea

[[FSLR]]

In the event Armageddon takes place tomorrow, make sure you load up on [[FSLR]] puts. However, should the market rally, the trade doesn’t work.

I’m loving this price pattern, nice retreat from the 50 day:

fslr-hort.gif

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Long / Short Ideas

coming later tonight….

Been a busy day, help me out and comment with some good looking charts.

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