Friday, October 06, 2006

No great insights

I don't have any great insights to share. I haven't posted in a while so just a hello to let readers know I am still here. I have less time for the market and for blogging.

Like many traders, I missed out on many of the opportunities in this rally to all time highs on the DOW. Like many traders, I was a bit surprised. Like many, I have been whipsawed badly a couple of times.

Like many, I remain gun shy. At this point I am underinvested, as stocks moving up decreases the delta of my hedged positions.

Positions: BA, DVN, EWJ all long stock short calls

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