financials ready to explode

Discussion in 'Trading' started by chuckybrown70, Mar 9, 2009.

  1. ok, i see how you all rip people for predictions, but i called this one.

    i am up .89 on the FAS which is 37%

    i bought 10 - 4 april calls for $730 and could sell today for $300

    that is close to 40% profit.

    holding one more day. lets see if i get burned. will put a stop on it at .95

    also if u look at my earnings thread u will see a ton of winners.

    now i am changing this thread. this play is dead. if u want to continue posting, then i ask:

    "please let me know who posts garbage calls and who posts solid calls, since i'm new i am curious who to listen to and who to avoid like the plague"

    thanks

    and good luck trading
     
    #31     Mar 10, 2009
  2. lpchad

    lpchad

    Just picked up 1000 FAS in my long term account. Time to buy
     
    #32     Mar 10, 2009
  3. lol, good luck with that. a bit late, i would sell by thurs, just a suggestion. but hey i hope we ride it up to 10!!!
     
    #33     Mar 10, 2009
  4. My target is around 4,5-5 where the gap is. We might reach it by thursday easily. Even tomorrow is doable
     
    #34     Mar 10, 2009
  5. fiancials suck

    buy goog, ewz, bidu, ma,rimm

    The problem with financial companies is that they may surge 20% in a single day, but they'll give up the gains later and underperform the market. They have horrible fundamentals. No one needs financials anymore with the exception of Visa, mastercard, and Goldman Sachs.
     
    #35     Mar 10, 2009