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Thursday, January 21, 2010

Quick Bounce? More To The Downside


Well tomorrow, we are looking at the Feb 550 Call for less than 43.10 per contract, this would be for quick scalp. Earnings did not change so, and China proposal it is there, but the IBM, AA, INTC, GS drop is in effect. The professionals may run it in the morning and drop it likes it hot before 9:45 AM. Who know, will see in the morning. We current to do hold this trade, and it is not a recommendation or solicitation for this security.

There is also no economic news to the market so it may help with the digestion of the last few days and shorten holiday week.