Friday, January 23, 2009

The Bigger They Are-The Farther They'll Fall

Bought USB PUT's this morning at share price $13.70.

Heres my thought. Buy PUTS IN Banks that have shares over $10. Hard to find as all are crashing, but the bigger they are the harder they fall. Isn’t that the saying. Don’t hold over the weekends. That’s when the treasury does theit thing, so start looking for next week until the next bailout package starts heading this way. Then buy more PUTS again when the Republicans say no for a few hours. Then buy CALLS after the passage of the bailout for a week until they start crashing again. That’s my new strategy.

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