Buying Swing: buying GCZXH at 1.50 area OVERSIZED GLD 112 De
Posted: Tue Nov 24, 2009 12:52 pm
Buying Swing: buying GCZXH at 1.50 area OVERSIZED GLD 112 Dec puts, have waited months to make a bearish position in what must be a GOLD bubble, this is my first stab at it. I see the posebilety of a gap cover after the big spike in gold we saw yesterday. Multiday negatives are on the verge but have not yet cleared on my formulas. I earlier also did another add to the AJLLY at .40-.45 AAPL 230 Dec Calls oversized and forgot to post on boards or send mail on it. Ont he AAPL calls am now up to a 2X oversized position with yesterday being the initial entry on a bullish picture in tech into black friday. As as a GOLD I see it as a huge bubble waiting to pop, there is nothing rational about the gold price levels.