Tuesday, February 24, 2009

Did make 2 trades but back to studying

Hi,

Well I did make a couple of real trades during OE expiration last week. I bought a qqqq call earlier in the week, which expired worthless. But on a positive note, on Friday I bought a couple of BAC calls right before the mid-afternoon rally took off, and doubled my money (wohoo!). See my posts in the wallstreak forum. Unfortunately I was not playing with a lot of money, so it was mostly a psychological win.

In the meantime, I am back to studying. I feel that our 2 toxic banks (BAC and C) will be nationalized soon, apparently some announcement about the latest bailout plan is coming Wednesday, and if the government does what it needs to do, there could be a huge rally afterwards.

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