BluelightNewsletter

Disclaimer: My personnal opinion is for your entertainment only & should not be used as advice on your decision. I may sell or buy (to cover) my holding according to the market movement. I am not a licensed financial advisor. Please always do your own DD. Set protective stops & not be too greedy. You are responsible for your own decision. I wish you good luck trading. -Blue

Wednesday, June 18, 2008

Some Short Plays: FED PACW WB MI

  1. FED, once dropped to 9.12 on Jun 11, called(Shortible FED@13.3, Target later -Jun10)//Once down -31.5% within 2 trading days
  2. PACW, dropped to 16.04 today& now 16.5(-2.31%), called(Shorted PACW@19.1 Target: 18.9, 18 stop: 20 //low volume, so better short small amount -Jun11)//Once down -16% within 6 trading days
  3. WB, once dropped to 16.15 today, now 16.83(-1.63%), called(Shorted WB@17.78 Target:17.2, 16.8 stop:19 -Jun 13)//Once down -9.2% within 4 trading days
  4. MI, once dropped to 16.8 today , now 17.28(-5.11%), called(Shorted MI@18.4, Target:17.2, 16.6 stop:19 -Jun 13)// Once down -8.7% within 4 trading days