Backlink. I picked up 2k shares of DRYS @.97 and change after it pulled back to the 50 fib today. I decided to buy more shares than originally stated and just use stops at .94 instead of buy and hold. When it is clear to me that a real bottom is in then I will not try to play the near term ups and downs with so little money but to just treat it as a non expiring call at that point. But until then I will probably try to grub for the lowest possible price.
The point here is that the theme has been deflation for a long time and yes many things have deflated (but not the stock market yet...). Since I have a sum of money invested in puts I might as well have some calls (or distressed companies which will trade like calls) in case the inflation that nat gas may be signalling rears its head. Besides, I have a wave count which supports the purchase and that is my primary market timing indicator.
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