Short Wells Fargo Wtc

marketsurfer · Apr 16, 2009

Quote from dearinfinity:

with you on that, I'm buying puts.

Be cautious. suggested as a long term play--- 25.07 is stop out level, not sure on the timing to get to 10---

bestwishes, surf

dearinfinity · Apr 16, 2009

I'm not throwing that much money around. I have a single 17.5 put due to expire tomorrow, nothing more yet.

riskfreetrading · Apr 16, 2009

Quote from marketsurfer:

Be cautious. suggested as a long term play--- 25.07 is stop out level, not sure on the timing to get to 10---

bestwishes, surf

If you know the top date and price, RFT can tell you when $10 level will be reached.

shortie · Apr 16, 2009

are any of these good short candidates? they are all small banks. and they went up like crazy in the last week. there must be some fluff in their latest move.

RF, HBAN, FITB +63-93% in a week

marketsurfer · Apr 17, 2009

suggest staying short here, not sure of timing, but 10 is in the stars for this one.

Corelio · Apr 17, 2009

Quote from marketsurfer:

suggest staying short here, not sure of timing, but 10 is in the stars for this one.

Roman Candle · Apr 17, 2009

Quote from marketsurfer:

suggest staying short here, not sure of timing, but 10 is in the stars for this one.

Your going to loose. Banks are giving cooking lessons. Everyone is starting to cook again.

PRESTO!

marketsurfer · Apr 17, 2009

Quote from Roman Candle:

Your going to loose. Banks are giving cooking lessons. Everyone is starting to cook again.

PRESTO!

overall.... yes.

just wait on this one, it's special....

surf

1flyfisher · Apr 17, 2009

Well I guess you are now in the red on this short on Wells.
I believe you were in the green there for a bit. Did you take profits? You needed to be nimble on this tricky one.

Quote from marketsurfer:

overall.... yes.

just wait on this one, it's special....

surf

ARealGannTrader · Apr 18, 2009

Weekly charts uptrending.

No evidence of a short on this yet.

Maybe at the end of this upcoming trading week.