http://www.cnbc.com/id/25685755.
This guy's article is pretty good, and pretty much sums up my EXACT sentiment towards the market right now. It is not a bottom , yet. One good play I made yesterday was FSLR (Jul 270 put, 6 @ 3.4). Coulda waited and gotten in around 2.75, but you can't be perfect. reason I got it was it hit resistance. Right now its down about 13-14 bux, so I'm made about 16-1700 overnight. I was kinda skeptical after getting fslr because it's strong in such a bear market. But, I guess people have to take gains wherever they get em.
I also just got some LEH (AUG 10 put, 9 @ 2.3) and WM (Aug, 3 put, 22 @0.8). Yes, I know ridiculous premiums... and i'm down about 5-7% right now on those two plays, but I cannot forsee how they can actually be up today. Has to be short covering ya? I can't foresee buyers entering the market like that.
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