Essentially - Buffett coming to the rescue to drive a private market solution to the financial market mess is a far better answer than whatever the US Gov't will propose and hash out.
So we have retraced the advance overnight on the news of Buffett's purchase, so this is a low-risk buy just based on that observation.
Put/call isn't giving us much insight @ .87 here.
VIX is 36, which is very high and at a level to generate a sizable advance at any time.
Risk 1 pt. Go long DIA. 108.48 NOW.
Reverse if stopped out and risk 1 pt. Reduce stop at that point to breakeven after 1 hour.
10:09AM
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment