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Stock Market & Panic Of 2008

Posted on October 10, 2008

Stock MarketIt was a mild down day in the end. But there was a trough to peakswing of 1000 Dow points during the session. Thus it is thattraders have a strong interest in this deeply oversold market. Itry to observe the rules of the classic Sicilian trader: Never discloseyour positions or intent, and never offer advice. However, withoption premiums so high, some traders may well buy and writeagainst their positions. These fellows are acquiring downsideprotection and income and if they go a little out of the money, theymay not care if positions are called away. A mere passing thought.The crash ...

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