Longshots 2008 thread Whats yours?

Quote from uptik2000:

Lookin' good so far. sliding stops down and would love to see sub 40 even if it take a few more days.

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.
 
Quote from nitro:

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.
 
Quote from nitro:

13.20 ish area gone. Imo 80% chance GFI sees $10.

nitro
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
 
Quote from nitro:

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
 
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?
 
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