With the strong rally/trend today, I’ll be looking for a SHORT entry near or at tomorrow’s OPEN.
However, the trend in the short term, leading into earnings has changed from bearish to bullish. I may well consider purchasing a CALL Option into earnings [estimated @ 17 March-28 March]
With the Fed. so accomodative with monetary policy, the bank’s have an opportunity to mend their Balance Sheets [I'll write a post on how this works]
The MACD confirms the Quant algorithm. The problem is that I really don’t know how accurate, robust, correlated they are over a timeframe greater than a few hours, hence a CALL Option as a pure speculation.
February 27, 2008 at 1:14 pm
Nice trading, you plunger.
-DT
February 27, 2008 at 1:23 pm
DT,
Plunger Sir…
Damn your eyes Sir.
A mathematical calculation Sir.
jog
February 27, 2008 at 1:42 pm
Duc, stop by my place see my post on MBRK. If you have time, I wouldn’t mind you giving the fundies a quick once-over. Speculation on takeover premium would be cool too.
Ta.
February 27, 2008 at 1:44 pm
Wood,
Ok, sorted.
jog