Archive for April 1st, 2008

Today was a great day for equities, but a horrible day for commodities and gold.

Gold futures dropped more than 3% Tuesday in a broad-based commodities sell-off, as strength in the U.S. dollar exerted heavy selling pressure on the precious metal.

 

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2 comments Tuesday, Apr. 1, 2008 by Christian

I guess it was about a week ago Pete Najarian on Fast Money said that he kept his Apple shares, but sold 140 April calls for 9 dollars a piece. When he said that I thought he was crazy.

How did it play out? Not so good folks. First he sold the options at 9 dollars and for a very short period he was right as the option went down to 6 dollars. But then Apple came back with a vengeance. (Note Apple might still drop..)

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Add comment Tuesday, Apr. 1, 2008 by Christian

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