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May 11th, 2011 at 10:24 pm
Kojo – I’m eagerly awaiting this month’s trade. One question I have, with Phil and seemingly everyone else expecting a brief sharp correction, do you buy the lower spread with extra leeway to anticipate such a move? Or do you plan to just wait and see if it happens, and then adjust the trade as needed? I’m a little leery about starting in a dangerous month, I don’t mind the risk of losing in the "worst case" but I’d hate to have that happen the first month. Thanks.