Come To Pappa ~ The Risk Averse Alert

Monday, March 21, 2011

Come To Pappa

What to say on a day when the King of the Bankrupt headquartered in lower Manhattan consumes 20% of today's relatively meager volume of trading on the NYSE while falling 1.5%, and this on news of its 1-for-10 reverse stock split and penny dividend, as yet another CME-driven short squeeze delivered a general price increase to those many suckers convinced the low man on the capital structure totem pole is "undervalued" in relation to trillions of dollars of debt marked to fantasy?

I think that pretty much says it all.

Just one more thing...


Come to Pappa.

Fast Money
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

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