Washington Mutual going under:

Good trade today. You get in on this, pump?

 

Here is my trading day with WM. As you know, I believe they will fail but I like its range as a daytrade. So I'm excited at the open and see it open over $11. My eyes light up. The market is floating around break even. Finacials have a pop across the board. This can't last I say. Index's are falling but WM to my amazement holding up. I short around 11.10 for 1000 shares. Okay, it comes down to 10.75...I think there is more pullback on this pig. It goes back to 11.20 and I start regretting the decision. I call bluff. I throw in another 500 to juice it up...

I'm getting frustrated, she's not diving through the stops from yesterdays run up. I say toss the trade and braek even about at 10.90 at noon and I go eat. I think the bulls get a follow through...Come back and she hits 10.25 which was my target. She is now at 9.78. I am thinking of longing her for a scalp upside tomorrow. Thoughts?


03/19/2008 09:58:08 Sold Short 1000 WM @ 11.101

11,090.88 $69,813.74



03/19/2008 10:52:14 Sold Short 500 WM @ 10.901

5,440.45 $75,254.19



03/19/2008 12:08:06 Bought to Cover 1500 WM @ 10.9091

-16,373.64 $58,880.55

 

I don't know how much upside there's going to be tomorrow on options expiration. Gotta close under 10 for max pain right? I'm still holding my short from 10.55 today.

 

Not happy with myself. Bought this morning, then Moody's upfraded some of their classes. Should of juiced it. My target was 10.60. It hit, I got out. The pullback came to 10.20, I fagged out and didn't buy. She's at $11. Who know's, they may juice her into close. I won't chase it. May even short the whore again over $11 and fade it. Probably just hang loose. Whatever I'll take the $600...

03/20/2008 09:35:17 Bought 1000 WM @ 10

-10,009.99 $48,870.56



03/20/2008 11:22:24 Sold 1000 WM @ 10.6209

10,610.79 $59,481.35

 

Its over $11 now, but these financials are fucking me up right now. I can't believe we are this high going into the long weekend.

 

Yes, still on fire they are. I was was gonna goose up the trade at 10.10 and now at 11.10. Guess, I should have been a greedy fuckin bull. Well, almost time to fade it.

 

CNBC just mentioned them. Motherfuckers.

 

I can't believe they haven't rolled over.

I'm going to puke.

 

What the fuck did CNBC say about this bitch?

 

Nothing special just as a top gainer in s and p...POS is at 11.77....I'll wait till Moday to short this again