Sunday, January 11, 2009

Bad news is an investor's best friend

I feel in my guts that a great rally is coming.

1 comment:

Anonymous said...

Perhaps I should wait before selling any more call options.

My small syndicate is in fact more inclined to selling (writing) put options, so we basically have the same idea. Except to be successful with this strategy, the market just has not to fall, it doesn't actually have to rally. But a rally would allow us to close our positions earlier and lock in most of our profits, freeing up our money to take more positions. Probably then will be the time to sell call options.

Anon.