Tuesday, March 02, 2004
The market is weak. GE is down around a quarter. This trade is dead. The internals of the market suggest that this down move will be short-lived. Perhaps today is relieving the overbought condition. Big Al Greenspan said today that interest rates will eventually have to go up. That could be a reason for the decline. As for the GE options, there is no bid. I have an order to sell at the market if a bid develops. It is a loser trade. We'll wait for friday and the employment number.
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