I have a really, really big headache. Some friends and co-workers were taking some guesses on why I have a headache and there’s some joking about the final outcome with a few people assuming death. I’ve taken lots of meds and I still have the frickin’ headache. I’m thinking about starting a new blog about what tans my hide, but not sure what domain name I should use… oh ya, this is my stock market blog. Right.. Umm.. I haven’t sold C yet.

I am able to convince myself of nearly anything, either because I’m very intelligent and can convince myself with compelling arguements or because I’m mentally feable and will believe anything. Though I won’t be discussing which case is true right now, I will let you know that I’m starting to have doubt in my positions in C (Citigroup). The doubts are actually growing quicker than I can subside and I feel as though even on Friday, I will be wrong.

It has only been a week, but seems like so much longer. I’ve gotten to watch my positions drop in value due to intrinsic and time, which are the only two components of an option. Not bad.. I’m two for two (well, in a bad way). But I look past this week and into the future, which I would classify as next week. Watch for the C drop early in the week, which is when I will act.

The jobs report numbers came out and guess what… it showed that the economy isn’t great. But since the current market doesn’t really take into consideration bad news, it just sort of shrugged this off for the immediate time. Pre-report the DJI was up 96, post-report the DJI dropped down to minus 7. Losing over 80,000 jobs might be a bad thing even in a mentally ill market.

I held on to my 50 Citigroup puts today even though there was an opportunity for me to break even and cover the commission (per put : $1 buy, $1 sell), but I didn’t take that opportunity. I still feel as though C will drop and when it does, I don’t want to be holding onto cash, even if it is worth a little more today than it was yesterday (the USD is going upward which means something). How long can I hold onto C? Well…

No trades for me today. Of course, I had to wait for a good chance to gain profits on C and that didn’t happen today. I was happy to see the market finish in the red, which is something that gives me more hope towards the future with my C puts. Do people usually gamble such a large amount on one position like I did? Probably not. Are people retarded like me? Definitely not.

Have you heard the word? C (Chittygroup) might be having some problems in the near future. This isn’t about an April Fool’s joke, this is a joke on people that are betting that C is financially stable and not having to worry about the financial crisis that is impacting the entire United States in at least one way. Here are the links and pictures you should see.

What can I say about March except.. well, it was a poor lesson in patience for me. I ended the month up $1,662 because of mostly good common sense, but I had a losing trade during the month for $3,232 which would have been a gain if I had held the position to expiration. Little patience cost me.

I watched a lot of up market action today and realized that things weren’t going to drop until maybe tomorrow, so I waited patiently until near the day’s end just to hold the cash in my account until it was time to let it go. Since my C puts were down over $1k and I don’t take a loss well, I decided to hold onto them another day and see what happens…

Time for the big play. This isn’t the smartest play, but it could yield some sort of exciting results. I took a majority of the cash in my account and bought puts against C. I’m not just crazy here, I really believe that Citigroup is destined to drop below $20 within 7 days. You heard it here! This isn’t an April Fools thing, it’s a Retard pick.