Wednesday, November 5, 2008

shitty day

i stupidly drank too much last night, celebrating the election victory and it was a real challenge to wake up this morning. which is why i dumped my BNI puts at the open. made nice coin on them, but if i had held to the close....

then i went back to sleep and woke up at 1:30pm.

the market looked awful. my gut said that we would sink all through the day. but, i broke my discipline and bought some AAPL at 106. the market absolutely tanked as i predicted and my AAPL calls are now in deep water.

i bought some NUE, RIMM and BNI at the close, hoping for a bounce tomorrow. they are at low's of the day...good prices, but not fantastic.

i have a feeling we might open up and trend lower before bouncing up for good. or we could open lower and bounce up....which would not be good...that's a bearish signal.

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