Well it was no surprise to wake with the markets dropping on
Deutsche Bank AG (USA) news. Above is a snap shot of the sector heat map and it is all red. Financials are in the driver seat again and it looks like 2008 is still being relived. Well there is more to come in the financial sector. Financial has just begun their earnings annoucements, there is alot still on the books that have not been address. Commerical lease and loans are coming up and also the next batch of residential loans.
We took a position in GS today for an intraday price for the GS - JAN 09 GSMO 75P for $1.99; rode it down to $2.60 for a 28% gain for our 0:13:28 in market time. After the initial exit, we were think about going in for a second dip, however, we had to other things to get done. Thinking about it, it would have been nice!. Large Swings are back, be careful.
Well it was no surprise to wake with the markets dropping on Deutsche Bank AG (USA) news. Above is a snap shot of the sector heat map and it is all red. Financials are in the driver seat again and it looks like 2008 is still being relived. Well there is more to come in the financial sector. Financial has just begun their earnings annoucements, there is alot still on the books that have not been address. Commerical lease and loans are coming up and also the next batch of residential loans.
We took a position in GS today for an intraday price for the GS - JAN 09 GSMO 75P for $1.99; rode it down to $2.60 for a 28% gain for our 0:13:28 in market time. After the initial exit, we were think about going in for a second dip, however, we had to other things to get done. Thinking about it, it would have been nice!. Large Swings are back, be careful.