Wednesday, February 25, 2004
Market about to close today. Got the expected bounce, up about 40 points. But it is a weak bounce with little volume. GE is down around 30 cents. The options I purchased are now losing money. A weak market rally attempt and GE can't move with it. This is not good for me. Although there are over 3 weeks left for these options, if they don't get going by fridays close they will be losers. I really think GE has to close the week at $33.50 or better for these to work. The market needs something to get it going but there looks like no news for this week. We will see what tomorrow brings.
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