Friday, March 6, 2009


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.


Anonymous said...

how is the rights offering going to affect the price..

Anonymous said...

or rather if the options aren't being adjusted, when do they get adjusted?