Monday, August 15, 2011

QCOM Calls and Euro Long

Still I need to be careful with any longs, sure its the hard trade to take...
but the extreme selling of last week still allows for more extreme selling. However, the Put Call ratio has moderated, well its not sky high....those put holders were bodyslammed by the recent ramp. A few more days of fairly steady upward frog boil should get the remaining put holders to finally realize their loss (take the hit)

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Insightful and Useful Comment!