CFC (CountryWide Financial) Good time to go short?

Quote from apex82:

Id say get short at yesterdays high or possibly around that 37.40 area. Place your stop about .25 or so above that and go for retest of the lows and hold some for new lows into the blue support zones that I have drawn.

You would be risking about .25 to make $3 or more.

If stopped out wait on the sidelines until the $40 area. Just know that you have missed most of the drop and you are late to the party. A corrective rally is sooner rather then later.
More...

It opened .6 cents above my sell and then proceeded to drop the rest of the day..... amazing

From...

http://elitetrader.com/vb/attachment.php?s=&postid=1386637

to...
 

Attachments

Not buying it...I think this stock can trade wildly up/down/sideways...technicals can measure the strenght of each move, but I don't think you'll find support or resistance there. Not in my eyes on this one.
 
Quote from blast19:

Not buying it...I think this stock can trade wildly up/down/sideways...technicals can measure the strenght of each move, but I don't think you'll find support or resistance there. Not in my eyes on this one.
More...

Its already found resistance there twice...
 
Quote from cashmoney69:

Why not buy the brokers and oil stocks and make it easy on yourselves? :p
More...

More fun making money when a stock goes down..lol

I'm gonna write it off as a missed opportunity and look at other stuff out there. I need some fresh ideas...
 
Quote from blast19:

Not buying it...I think this stock can trade wildly up/down/sideways...technicals can measure the strenght of each move, but I don't think you'll find support or resistance there. Not in my eyes on this one.
More...

You sure about that?

If you took my recommendation you wouldnt have had a good week.. you would have had a good month on that trade alone.

From..
http://elitetrader.com/vb/attachment.php?s=&postid=1386637

To..
 

Attachments

You must log in or register to reply here.
Back
Top