http://www.stockrake.com

Being long. This trade is really going against me. The index funds took another small hit today. Small, but still a hit.

QLD position got hit badly I’m assuming the traders are paying up for QID and selling out of QLD hard because the pricing did not match what it was supposed to today.

QQQQ calls got hit a little bit today.

MRVL stabilized a little as their delisting notice got delayed. The stock was up a little bit on the news. I wan to watch how MRVL trades over the rest of this week and a few days into next before I dump these August calls. I know the market looks like its tanking, but I don’t see it happening just yet. Hopefully MRVL has their parts inside the iPhone. I really want these calls to be a successful trade .

MOBE – Did well today. The big iPhone rub is battery life AND YOU CAN’T REPLACE THE BATTERY! So car charger will be neccessary.

It looks like the market might be hanging its hat on the Fed policy statement Thursday. That can light a fire under the market so hopefully that does it. If not that will the iPhone? I know it sounds ridiculous. Market squakers will pin it on the iPhone release, but if a rally does materialize on Friday it will be because of being oversold and sparking a short squeeze.

Related Posts