Seeking Alpha
  • Ricardo Espinosa
    TBT is respecting the 3rd fibonacci pivot point to the cent, 20.65, also the high for the day, I´m considering switching to short soon.
    3/14/12
    Reply (6)
    • humahuaca: I am short at 20.65, and think it's ok, but a little nervous I must say
      3/14/12
    • Ricardo Espinosa: Great entry point, I´m eyeing some trades around TBT too, might short some calls, or SPY, still looking for best trade.
      3/14/12
    • humahuaca: I think it's fine, just kicking myself for not being long yesterday as I thought we could see this. Too much going on for me yesterday.
      3/14/12
    • humahuaca: Earlier I shorted some SSO $59 calls, also feel comfortable with those. I think we see a pullback, or at worst 1425 on s&p
      3/14/12
    • Ricardo Espinosa: Yeah, I see no more than 142ish before a nice 3-5% pullback, then it´s off to the races again.
      3/14/12
    • humahuaca: that's exactly as I see it. Not sure the timing is all.
      3/14/12