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  Interesting Action - 9/2
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Matt  
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 More options Sep 2 2008, 9:47 am
From: Matt <mattrya...@gmail.com>
Date: Tue, 2 Sep 2008 06:47:08 -0700 (PDT)
Local: Tues, Sep 2 2008 9:47 am
Subject: Interesting Action - 9/2
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Watch today's action closely: while the S&P and even the XLF are
moving up this morning, selected financials (MER, LEH) are actually
moving DOWN. Interesting disconnect going on; might portend something
coming today in the PM or tomorrow. Keep a look out.

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Matt  
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 More options Sep 2 2008, 12:34 pm
From: Matt <mattrya...@gmail.com>
Date: Tue, 2 Sep 2008 09:34:29 -0700 (PDT)
Local: Tues, Sep 2 2008 12:34 pm
Subject: Re: Interesting Action - 9/2
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Call me sadistic, but I picked up some Arch Coal today on a trade
(ACI). Not too much $ invested, but I figured I would pick some up
after it dropped 15% today, with a tight stop at it's prior support.

As for the market, the move from the first 20 mins that I commented
about this morning just kept getting more severe - wow! I sold off
those calls right after I wrote that and I picked up a few SPY puts to
jumpstart my shorts. Maybe reinhardt and his tin foil hat theory could
in fact prove to be correct ;o)

I think there's a good chance the Dow goes flat to negative before the
day is out.


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