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Joined: 28 Dec 2005 Posts: 11966
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Posted: Mon Nov 13, 2006 10:05 pm Post subject: Tue: Buys RMBS Sells SPY |
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Tue: Top Buys RMBS Top Sells SPY
Primary Trades:
The economic reports before the open should set early direction and may determine general direction over the next month. However, SPX 1,390 continues to be strong resistance and SPY Nov 138 or Dec 135 puts are buys on market bounces.
Secondary Trades:
A small position in RMBS Dec 20 calls may be worth the risk.
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Primary Trade: An intermediate or long term trade. Timing can be off substantially. Volatility not a factor. Risk is low to moderate. Potential return is often moderate.
Secondary Trade: A short term trade. Timing must be accurate or volatility must be high. Risk is high. Potential return is high.
Secondary Trades should be generally avoided, although considered. Note: If Secondary Trades are taken, they may affect Primary Trades. |
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