Mother of all Buys

[Jahajee]

Best buying opportunity in years - violent bottoming process.

Buy financials now for 25 to 50 % in a few weeks.

 

[Adobian]

Didnt' you buy Lehman and Wamu for 99% off during last 2 weeks?

 

[inomad]

Quote from Jahajee:

Best buying opportunity in years - violent bottoming process.

Buy financials now for 25 to 50 % in a few weeks.

If would have been so simple.......

 

[Jahajee]

market action indicates a bottom

huge negative ticks
big range bars
violent wild action
VIX spike
retest of recents lows
bad news in market - House voted no to bailout


buy XLF NOV calls 18 or 19

or buy XLF

and financials

 

[Aaron Copland]

Wait there is no hurry. Let the market reverse never try and call a bottom.

If you can wait 8-10 years and don't need the money, sure you can cost avergae in down here.

We may go alot lower.

 

[Sniemiec]

Is this the final clear out day, where every long is shaken out?

 

[S2007S]

ADDED QLD, UYG

SOLD QID AND DUG


PRICE TARGETS:


QLD $52.00

UYG $18.00