Can Somebody tell me why I shouldn't buy the SRS here?

Discussion in 'Trading' started by Garbage Can Ray, Apr 15, 2009.

  1. I don't know. Ask the people that bought MS MER C BAC and GS on the way down each time the US Gov't announced a plan to provide financing -- trading with the gov't hasn't necessarily been a full-proof plan.

    Either way, even the plunge protection team takes breaks...all buyers eventually take breaks. If we're waiting for more quant funds to capitulate, that's fine with me too. I'll wait and daytrade the intraday swings. When buying takes a break, I'll be there to capitalize on a multi-day, if not multi-week hold short.
     
    #11     Apr 20, 2009
  2. NYC212

    NYC212


    it did go from 39.00 to 50 a share in a few days. (went down today) but someone is laughing all the way to the bank :D :D :D
     
    #12     Apr 20, 2009