tag:blogger.com,1999:blog-1071929283851324412.post6343118083347324291..comments2023-11-05T06:12:15.691-05:00Comments on VIX Review: Ignore The VIX For NowBeamer Doghttp://www.blogger.com/profile/13885984304062855191noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1071929283851324412.post-66968529782325464882009-04-08T02:20:00.000-04:002009-04-08T02:20:00.000-04:00Brian,Thanks for the heads-up not to freak out if ...Brian,<BR/><BR/>Thanks for the heads-up not to freak out if VIX drops abnormally.SRS Playerhttps://www.blogger.com/profile/12598211492625517708noreply@blogger.comtag:blogger.com,1999:blog-1071929283851324412.post-61145804144139136232009-04-07T23:04:00.000-04:002009-04-07T23:04:00.000-04:00Hitesh, well I don't feel safe trading financials ...Hitesh, well I don't feel safe trading financials on the short or long side right now. So many things can make or break them. Well, there are two banks I feel comfortable shorting. BAC and WFC. But overall, I don't want to be in a financial ETF. <BR/><BR/>So, you have to decide for yourself on that one. Lets put it this way, if I had to pick a side, I would play the short side of financials. You may want to consider selling some covered calls on your SKF. less than 2 weeks until OPEX and you can reduce your paper loss. But, if you can stomach more paper losses and feel confident financials are going down, that is your decision.Beamer Doghttps://www.blogger.com/profile/13885984304062855191noreply@blogger.comtag:blogger.com,1999:blog-1071929283851324412.post-599834825930633352009-04-07T22:58:00.000-04:002009-04-07T22:58:00.000-04:00SRS Player, its hard to say. But tomorrow will b...SRS Player, its hard to say. But tomorrow will be a bit strange and we really are probably going to have to recalibrate the VIX according to the new rules. Nothing may change, who knows but don't get freaked out if VIX falls abnormally compared to the market.Beamer Doghttps://www.blogger.com/profile/13885984304062855191noreply@blogger.comtag:blogger.com,1999:blog-1071929283851324412.post-31088412428494888232009-04-07T22:52:00.000-04:002009-04-07T22:52:00.000-04:00Man you are good. I just need to follow your sugg...Man you are good. I just need to follow your suggestions now :-)<BR/>BTW - I have some SKF in my bag at an average cost of $125...what do you think? Should i take a loss and move on or wait for the tide to turn?Hitesh Patelhttps://www.blogger.com/profile/17040879363703210134noreply@blogger.comtag:blogger.com,1999:blog-1071929283851324412.post-37882188047977750062009-04-07T21:42:00.000-04:002009-04-07T21:42:00.000-04:00Brian, How long do you think we should "ignore the...Brian, <BR/><BR/>How long do you think we should "ignore the VIX until the dust settles with the uptick rule"?<BR/><BR/>Thanks.SRS Playerhttps://www.blogger.com/profile/12598211492625517708noreply@blogger.comtag:blogger.com,1999:blog-1071929283851324412.post-4100969104609618752009-04-07T21:37:00.000-04:002009-04-07T21:37:00.000-04:00Erik, please don't pull off your shorts. :)Erik, please don't pull off your shorts. :)Beamer Doghttps://www.blogger.com/profile/13885984304062855191noreply@blogger.comtag:blogger.com,1999:blog-1071929283851324412.post-85676545199132652762009-04-07T21:00:00.000-04:002009-04-07T21:00:00.000-04:00i agree as wellthe 50ma is my target, and when ill...i agree as well<BR/><BR/>the 50ma is my target, and when ill pull off my shorts, which is about 795, regardless which way we go (even if its UP more) that is going to be re-tested here....first, goog spot to profit take on shorts, b/c technically the spx should get at least a mini bounce there as supportErikhttps://www.blogger.com/profile/12581489893598823737noreply@blogger.comtag:blogger.com,1999:blog-1071929283851324412.post-24030937832874410622009-04-07T20:33:00.000-04:002009-04-07T20:33:00.000-04:00Great read ..agree with your points.....Great read ..agree with your points.....kliguy38https://www.blogger.com/profile/00694442242807509636noreply@blogger.com