27 February 2007

Pancaked

What can you say? The Dow futures just hit -525, you just have to laugh I guess...I folded and sold my small Mer calls for a loss...in case you were wondering and stepped into some QQQQ calls which of course are underwater already but we will hold on to those for a while.
The up/down volume on the big board just hit a negative reading of 27 to 1...that is 27 to 1...27 to 1...
Haven't seen this kind of bloodletting in 6 years and by the way what happened to the controls they supposedly have on the exchanges...reminder: you will not get your money back because of exchange snafus...
What else is there to say...jfg.



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