Thursday, November 01, 2007

Fed Meeting yesterday 10-31-07

Well, the FED came out at 2:15 yesterday and cut the rate by .25 points. They also said that they were worried about inflation and growth. This made investors nervous for a little while, and the market took a nose dive. Exactly like I said would happen....I said the FED would cut, but then say something that would spook the investors. I also said Apple would be one of the stocks that would take that dive and that I would get back in. Well apple did indeed dive. I tried to get back in as fast as possible, but the price moved SOOOOOOOO fast. By the time I hit the execute button on my order my target price was surpassed. Needless to say I was unable to get back in at a price I thought would be quickly profitable, and missed a huge rally. @$%!

At the bottom of the price dip, the 190 option price was at 3.15. That is when I put in my order. I added .55 cents to it to assure I would get in. Price moved from 3.15 to 3.75 in the time it took me to hit the execute button!!!!! My price entry target was 3.70.

No comments: