Spiga

Bear Stearns revised deal


Well another chunk of BSC goes out at 13. I'm going to keep the rest of this position just in case another pop ensues. This original block was picked up at 3.75 avg. My LEH trade is completely stalled out, even though the options popped into a triple after the purchase we made. I'm unloading some here. Goog is doing great, finally rallying with this strong market. Looks like 12,600 on the dow is a bit too much for this rally. Another pop and it might be time to short a few things again. The majority of the reporting of this deal was negative, yet the technicals kept showing me that there were higher prices ahead. Dont listen to noise, use the charts as your guide, especially during times of volatility.

Tops take longer to form then bottoms.

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