Crashy Exposed!!!
crashys comments taken from only a few days ago!!!!
"Firstly, I am hoping the market will crash. I hold bank puts and have written many calls. I bought NCP calls because I might be wrong (like I was Sept 11) and NCP is a proxy for nasdaq, which will have the biggest gains if it turns out the markets have bottomed. I bought AMP calls because I needed another oversold stock near its lows in case the markets rally.
In the past I would have put everything I own into puts and ignored any signals that the market was going up. I cannot afford to make the same mistake again. Now im not fussed which way the market goes, cos I cant lose. If we rally hard, my NCP, QAN & AMP calls make a bundle and cover possible losses (and more) on written bank calls. If we plunge, my SGB and WBC puts make a bundle and more than cover my NCP QAN AMP call losses. The written bank calls are also mine to keep. If we stay put, the bank calls erode away and cover the loss from AMP QAN NCP calls. Somehow I dont think markets will stay put.......
And he refers to my comments as dribble. For gods sake!
