Thursday, December 14, 2006

 

Fly Buy: SiRF

I covered some of my SiRF short, buying 1,000 @ $26.24.

I still hold 1,000 short.

Comments:
Broker are we looking at a blowoff top here? Look at the VIX under 10. They bought the open for the expiration I think. What are your thoughts up here? Not looking to get short just lighten up exposure to anything other than oil.
 
I'd be shocked if we sold off today.
 
not today but tomorrow on the sell off I think. Too many people long S&Ps but after expiration I think we will sell them off. Hell it would not surprise me if they flip those calls at 1425.
 
no sell off prior to 12/31.
 
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