Financial history doesn't repeat itself, but it often rhymes.
You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
I think we will be back down there again...in fact I just purchased some ultra-short financials Like $2K of it in the aftermarket... just for the thrill... and that shit is trading 108 right now.... I got out from 116-113.50... especially since I purchased some at 113.07
I'm hoping you made some money... you probably earned it.
Stuff like that is a pain in the ass to bet on...
soon as I calm down, I'll blog how that played itself out on my end.
that may take till Sunday...
we will see a denial wave of optimism..... But it's rough to calculate... that is also how v bottoms can happen... we could have a legit solution on our hands. that will tide us over for a quarter.....
They missed that some MBIA instrument got a downgrade.
and that that analyst says that the financials have 30% to fall still.
Thank God for stops. I had trailing stops on all my shorts because I had to be away from the computer from noon on.
ReplyDeleteI got stopped out on all of them: short JCG, long FXP, short LTR; also got stopped out of long MCD.
Still have long SLV and GLD.
I think we will be back down there again...in fact I just purchased some ultra-short financials Like $2K of it in the aftermarket... just for the thrill... and that shit is trading 108 right now.... I got out from 116-113.50... especially since I purchased some at 113.07
ReplyDeleteI'm hoping you made some money... you probably earned it.
Stuff like that is a pain in the ass to bet on...
soon as I calm down, I'll blog how that played itself out on my end.
that may take till Sunday...
we will see a denial wave of optimism..... But it's rough to calculate... that is also how v bottoms can happen... we could have a legit solution on our hands. that will tide us over for a quarter.....
They missed that some MBIA instrument got a downgrade.
and that that analyst says that the financials have 30% to fall still.