Friday, March 14, 2008

UYG/Ron

Basically just looking for financials to stay in their current range. $27 is pretty close to the bottom for UYG and a move to $29 would be perfect to bail and switch back to SKF.

$35 is an IMPOSSIBILITY.

1 comment:

Peter said...

Ya I was thinking maybe we could get to $30 again with aggressive rate cuts and some type of hopeless rescue plan that appears rosy. But this is a quick trade right Joe? You don't hold these overnight do you??

Did you see that news on the Bear Stearns options volume on puts. Definitely something illegal was going on. Fu#kin Crooks.