Tuesday, December 02, 2008

Black Friday Sales Data - Aftermath

Well, well, the market did reverse - and what a reversal !

The major indices drops significantly:
  • Dow = -680 points
  • S&P 500 = -80 points
  • Nasdaq Composite = -137 points
Sometime yesterday, when the market keeps dropping, my naughty thoughts tell me that I should have bought Puts on Friday instead of just playing the Bear Call Spreads (less profit and risks). I have to remind myself that I should be thankful and not greedy.

The next target for my short positions is last month's (Nov) Low.

Cheers !

PersianCat (Millionaire-in-progress)

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