Read detail here. US president Obama will give speech on his bank bailout plan and stimulus package on Monday, it's going to impact singapore mkt on tue..if it does. I'm holding rather small stocks long positions on Bank of America(BAC) and City group(C)as from TA point of view, they are so cheap and showing bullish divergence, and on Friday they are doing quite well, currently i'm holding:
BAC: Entry=4.66, Fri @6.13, up 1.47;
C: Entry=3.76, Fri@3.91,up 0.15 only, hope Monday Obama don't be disappointed
at same time i'm also holding options:
AAPL-- APR90 stranddle@16.4 Fri@18.4
DRI--Mar30 put@3.30 Fri entered
LLL--Mar80 put@4.6 Fri entered
NSC--Mar45 put@4.7 Fri entered, if market down, they should make me profit
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