Longshots 2008 thread Whats yours?

Good close with a new 52 week low.

 

Covered 1/4 position at 38 even and slid the ''stop'' to 39.75.
I try not to look at news/fundamental stuff but it sure sounds like they're scrambling for cash.
I have a few other decent swing positions maybe I'll start a seperate thread on them.

 

Another new low
Slid stop down to $38.55 (just above today's high).

 

Well done!

nitro

 

Thanks, Nitro.
I covered another at $37. Stop for remaining half stays above hod.
Also got short WFMI today at break of yesterday's low.

 

Sliding AIG stop down to $36.06

 

Slowly taking this position off. We will have a nice profit locked in, and will let the rest of the position ride for a $10 target.

nitro

 

Out 75% of position. Leaving some in case it goes to $10 or below. Trailing the stop.

nitro

 

HRB...will it bounce? Me thinks no. Buy the July Puts.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1966303

 

AIG now below $30. I hope somebody else made some $ on this one. My target was mid to low 30's . Then I missed the second leg, but it was still nice. I also mentioned this trade to an old (and big) client of mine who told me his current portfolio is terrible.
Maybe I'll open, "Uptik Cap Partners. lol OPM, do I really want to go down that road again?