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Not About The Money
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Not About The Money

Not About The Money

by The MoleFebruary 12, 2009

UPDATE Closing Bell: I’ve seen some nasty whipsaws in my time but today took the cake by far. We all know where the buying came from – thanks Ben!

Always remember: It’s not about the money…. it’s about sending a message.

I’m still holding my March puts but only because it would have been a mistake to sell them into such a move. If tomorrow does not bring us an instant reversal I’m considering to exit the market and lick my wounds for a while. Under normal circumstances I would have sold the rip, but I’m just not sure if there are any bears left after today’s obvious intervention by the PPT.

Hope you guys did better than me – this was not a good day.

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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