Tuesday, October 7, 2008

It goes up and down

Experts say this to me. Tombo says to me the same, it goes up and down.

I guess so. Lately just down.

I can't sleep because I am following MS and that sucker is going down fast. The run on this bank is crazy, I have been watchings its CDS (credit spreads) and they were thru the roof last week and didn't budge. I think its a prequel to failure, at least thats how it was for LEH.

Its nuts.. market is nuts. I placed some hedge positions w/ options and UltraShorts recently but its not enough. I am way overexposed. Shit.

God help us all. But I guess its just money. This type of volatility makes option trading easy money. Biggest limiter is that the trading software on Ameritrade and Schwab sucks for volume option trading. Or maybe I am using the wrong tools.. more likely. Hehe.

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