I’ve made this point before, but it bears repeating: I’m sitting tight with ALL my positions, in spite of all these huge “up” days we’ve been stomaching, simply because the patterns have all the marks of major, important tops. Taking Discover Financial Services as an example, the reversal pattern as gorgeous as Rachel. The dip we’ve seen so far, in spite of it throwing off a nice triple-digit gain on my put options, is Pee Wee compared to the potential. Thus, I’m not BUDGING.
