Tuesday, February 27, 2007

2007-2-27 A brutal day ... for some.

No trade today. Open position : 1 (DIA March Call)

So I was watching CNBC during my lunch hour. Dow was trading down 250+ some points.
A newswoman was reporting something about the market, I don't remember. At the end of her reporting, she looked up at the indices ready to report the trading level of Dow.
Wait, is it my eyes or does CNBC's meter had gone busted? -2xx had just gone -5xx ? She looked puzzled too so it must not have been my eyes. Hmmm let me check my charts,

Ok it's showing -500 on my chart too so it's got to be real... and a -250 point drop in just 2 seconds, top, wow. Well at least my downside is limited. If this DIA call has gone busted I am still up 6% for the year. All in all, I am experiencing something that's unavoidable and I am glad the feeling wasn't so bad. The market ended trading down -416 points. Oh well just another day.