Yes, I said that! The size was too big to not being seen as desperate, and the timing is just terrible because it prevented an imminent capitulation, thus prolongs the slow-bleeding. I wish it would have cut the rate after the market close today. Oh, well.
Position update:
AAPL: out when it spiked at 157.88, this 1/3 position was taken on Friday AH at 161.11.
SOLF: 1/2 position long at 15.11 but out at 15.88 with the rate cut news hit the wire.
best luck to all!
Tuesday, January 22, 2008
FED threw in a monkey wrench!
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