Crashy goes longer CBA, page-4

re: Crashy goes longer CBA ... fitzman Hi fitz ... today a big day for several reasons as we know ... eto's resetting etc ...

I agree with previous comments regarding big offshore green fleeing our Stocks/Banks along with local panic redemptions here causing Funds (ANZ has some problems with Marconi) to cash-up ...

I am trading equity warrants presently so unable to WRITE, so BUY and strangle to cover ... then add for the reversal.

Watching the CBA movement today, towards the close it began to look LONG for Monday IMHO .. and get the feeling everyone else is also ...

CBA volume today was HUGE ... 21,392,758 and I didn't see any M&D's all day ... big numbers going thru all day.

There was a /u parked all day at $29.60 and I watched the afternoon rally hit it and drop dead ...

Whilst all this bodes well for Monday ... the bl**dy thing might just as easily go south ... there maybe further selling to be done...

I am patient ...

I am LONG and covered ... so can watch if the open is uncertain.

Considering moving back to ETO's ...

The last I paid for ETO brokerage was $40.00 and that was in 1997 ... someone should tell Comsuc Options that with Click system, $30.00 today should be about the mark ... $54.60 bit rich.

Cheers ...


This is only my view ... read the red stuff.