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.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, January 21, 2009

2 targets and a break out

we have hit both targets and now broken out of the trend....

10 comments:

Tony said...

Nice call on WFC...

Eric said...

too euphoric.. could be a false breakout...

Tony said...

Got some UYG at 13.99
What the heck, I chased it a little

Tony said...

make that 2.99
Duh

Tony said...

OUt at 3.19 This has to pull back a bit

Looking to short V again

Eric said...

You are going to want that back..

I have no idea what your V obsession is....

Besides cramer is a dope.

Tony said...

Yup, it's looking like an inverted H/S

I know nothing about Cramer... haven't watched him in weeks.

Does he like V?

Eric said...

He wrote a rant about how the skf was ruining the market and V was proof of it.

Tony said...

Meaning that V is a good stock that is being punished?

Eric said...

Because V is not likely to be nationalized, and that it was being punished... and part of the skf...

Therefore the skf is ruining the market.

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