Monday, June 19, 2006

Attack

Here's what I'd suggest. Buy as many July DIA puts as you can possibly afford. Set a contigent stop at any price over 110.94. Simple as that.

Die, bulls, die!

10 comments:

DreamIt Ventures said...

Tim:

Out of curiosity, what price level are you buying? 111? 112?

thanks

Anonymous said...

I agree with a breakdown by the end of the week. But I think we'll still get another push at resistance overhead before that.

Anonymous said...

Very very very subtle....

Anonymous said...

Ha ha! Good stuff. My uncle (who's never made money in stocks) is blown away by how well i've done (paper trading that is...I still have no cash). Maybe next week I'll tell him where the true credit lies. Until then, thanks for making me look so good.

- Brian

Tim Knight said...

DIA puts are up about 25% in the few hours since I made this post. It's just the beginning. (As always, just my opinion - - - my guarantee behind my advice is the same price you pay for it: $0.00)

John Wheatcroft said...

What strike are you suggesting? I can afford a lot of 90's at 10 cents.

Anonymous said...

probably the 111 or 110, well that's what i bought this a.m.

Andrew M. said...

I bought the 112 since the delta was a little bit better...more bang for your buck.

Tim, where is your green "target area?"

kapil khanna said...

DJIA looks like its gonna go up in the short term before it attracts some intense selling. The intermittent bottom we have is strong enough for a while now.

Anonymous said...

I sense real anger in that image Tim :)

Brian... keep in mind that paper trading is very very easy and trading real money is very very hard.
Glenn