Thursday, May 11, 2006

Not For the Weak

Far too busy to write a detailed post on what's going on, but in a sentence, this is an amazing opportunity. While I am not screaming "buy!", I think we are nearing a level where not buying will be both strategically and tactically the wrong thing to do.

Specifically, if NDX breaks 1640 in one fell swoop, a properly controlled cost averaging long NDX call strategy will make a lot of money.

Our fund is already leaning long on the index, but only a little - I think more downside is in the cards and this really isn't going to be easy. Regardless, the opportunity is here and the strong hands are going to make a kiling.

More on this later.



Post a Comment

<< Home