Tuesday, April 28, 2009

Futures down 120 Im in FAZ

short financials. Bought the 7.50 x  calls at 1.75 last friday. Im selling at 3.00 on the open. This swine flu has the world markets declining about 2-3% overnite. The tape has been so biased to the upside for weeks we are now over bought. Some type of correction has been due. The flu looks like the catalist short term. If the bulls pull the dow up before 10am im going back in Faz again just for a trade. To any newbies buy UGA and put it away for a double in the next 3-5 yrs. A straight gasoline play.

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