I have been reducing my net market exposure throughout the week, covering shorts and picking up some longs.
I am not bullish, I think the market has lower to go, but for the first time I don't feel indignant about how high the market is.
P.S. The option arb I posted about earlier is no good.. the options are not being adjusted for a rights offering taking place.
how is the rights offering going to affect the price..
ReplyDeleteor rather if the options aren't being adjusted, when do they get adjusted?
ReplyDelete