well, if you check the chart, there is a lot of 1.25 support on the eur/usd. I don't know your situation or risk aversion, but if you can hold out, then i could easily see it going back up. I understand how you feel, i sold naked 7.5 puts on BSC (i make money as long as bsc stays over 7.50/share) the friday before the weekend...woke up monday to ..let's just say a massive loss..the worst part is that i could have held for a week and gotten out with a profit when they renegotiated for 10/share. (i actually got out when it bounced to 5-6 range, but still, it suuuucked)
a friend of mine bought LEH the weekend before that debacle...200K went poof overnight
fre/fnm are others i know...
diversification..deeeefinitely the way to go. It's just such a hard market to buy and hold right now..
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Live.
Chris
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