Winning

Winning

Thursday, July 9, 2015

No additional plays on GREK or GDP

I am going to hold both. GDP is showing a bit of weakness. If the stock does rebound as its doing and continues to climb with the price of oil stablizing again, then we will get out.
As for GREK: I have the sixth sense (and my sixth sense is pretty good) that the stock will take another bit of a drop again before a deal is hammered out. I am not going to bet against it though. If I do see the stock drop a bit tommorrow, I will get in with another call at a lower price. I think once things are made official between Greece and the EU things are going to jump. But I will need to shore this up with another call, perhaps even a double down. The cards here are rigged in my favor because 1. The PM already looks good from last sundays victory about not taking craps terms from the EU and going after the citizens pocketbooks (re:pensions) for the money and now doesnt want his people to starve or riot and 2. The EU doesnt want Greece to leave the EU or totally walk from its debt.
So both of these put together means Im the casino and this ETF is going to go up. The question is when and how much. This I will attempt to call via watching the news. I am watching the meetings and know when the deal is going to probably go through: It may be thurs or fri.
If the ETF is down thurs, I will come in with another call expecting the breakthrough to happen Friday or Mon next week. If it happens tommorrow and I miss the entrance point, as in the ETF has already climbed, well then I look at my options. No pun intended.

Tradinginsider

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