Dumped All Longs This Morning Before The Market Reversal

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November 5, 2009

tweets1

tweets2

So that is what I did. The market flipped and all those positions would have been shit by eod, however, they were all gains. C dropped below 4, the RUT finished DOWN -2.6% 2x, and NDX and SPX closed flat, which would have crushed TNA and SSO.

Only thing I did was buy BCRX Dec 10 calls at the close based on this:
bcrx

Lets take a look at two earnings plays today:
WFMI
wfmi

CSCO
csco

My SPX Scenario:
spxd