Tuesday, August 7, 2012

Waiting like a crocodile...

Ol' Chester is sitting on a bunch of maintenance money but the market keeps creeping up. This little rally looks a bit long in the tooth so I expect to see some down days in the near future. If we can see a string of two to three down days in a row I will look to enter a few put selling trades. I'm keeping an eye on SYY, FCX, LOW, MSFT, INTC, KMB, MCD, CTL, GE and other rising dividend/high dividend stocks. I wanna see some fear!

In the meantime, only my eyes are above the water while the rest of me lies in wait.

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