Monday, November 06, 2006

Stock Market Prediction for Tues Nov. 7

I believe the market will be choppy to down tomorrow for election day.

I tried to buy 640 puts on the OEX but was not filled. I tried at $2.90.


Blogger meblogin said...

whew...and counting my blessings to have not been filled...grin...

Gridlock seems to be the word for today....guess future earnings will come back in a day or two....

November 7, 2006 at 7:30 PM  
Blogger meblogin said...

Nov. 8 - I bought Nov. 640 OEX puts near the close for $1.50. I see the market as overpriced. We shall see. If the democrats have the senate I believe our markets will fall in value. If econ indicators are nuetral to weak then selling will begin before the market opens Thurs. I can not predict the future...but it is fun to speculate.

November 8, 2006 at 4:34 PM  
Blogger meblogin said...

Now the waiting time...my puts are now priced near $2.50 and I am still holding them.

Friday "might" continue as a down day with very little econ data and hardly any earnings to report.

No one can predict the future...but is fun trying.

any questions?

November 9, 2006 at 7:41 PM  

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