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To: what's up

So? How’d you do?


157 posted on 03/17/2008 1:13:31 PM PDT by REDWOOD99
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To: REDWOOD99
Thanks for asking. The stock market today did not suffer many of the calamities that were being prophesied, the DOW off less than one percent! I was not able to get in on financial put options since the market gapped down significantly for most financials at the open....Friday would have been a better day to get in on those. I believe financials are now bottoming out as I expected.

I did buy Washington Mutual call options today...that is a speculation since WM is one of the weaker banks. After a few days more (taking into account what the investment bank CEO's say over the next couple of days) I think some of these stronger financials may be a great buy and I will most likely step in for the longer term though next week could be better timing.

Also, refinieries could be a great buy here as the oil bubble begins to pop. I wish I had more cash for one of those.

All the best.

158 posted on 03/17/2008 2:52:12 PM PDT by what's up
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