BFI November [censored] thread

[Moonshine]

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i think US equities right now are a pretty shaky investment...i dunno why you would buy


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Care to elaborate? Some of them? Nearly all of them? Where did I specify only US equities? Multinationals are going back up after this mini-correction. I am referring to some short term traders right now and anyone who wants a long term position in some of the more solid US banks and a select few tech stocks. I even like the price of some of the retailers heading into the holiday season.



Now all that being said and asked; in my positions thread I have been concentrating on puts so on specific stocks I agree with you. I just bought MSFT $37.50 puts, made money on my GS puts and plan on buying puts on Google and buying December $110 calls on Garmin.

I increased my position in XMSR substantially and am planning on getting back into UA at any price under $58. Also would buy YHOO under $30.

Jimbo

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I dont like to pick individual stocks. I'd rather take broader views on the market (sectors, indexes, etc)

There are lots of earnings reports looming in the near future for some other big banks (bear stearns, etc.) I think we may see some more skeletons in the closet and the market could react very poorly (conversely i dont think there's as much upside if these come in on the up and up). I think you're going to see a lot of volatility in the next month or two

FWIW i took out a long SPz7 contract today at 1505. I think we'll see a little short term correction. I'll prob dump it in the 30's depending on happenings along the way