wamu, bottom picking (or "I like pain")
- Thread starter Chood
- Start date
i would buy at the january lows, if they are retested, its would be a triple bottom, 12.00 - 12.50 area
WM and C are on my radar again. I actually traded WM both long and short a couple weeks ago in and out on 2-3% moves on block trades. It has a nice range usually.
Personally would like to see Cuomo rip them a new ass again before going in.
The day is coming to make a play on financials again probably around pump and dump FED time. A better play might be XLF on the financials for the next sucker rally. There might be a sneek attack rally on financials coming on some BS fluff...
A retest of lows would be nice. It might be CFC all over again so be quick and nimble.
Personally would like to see Cuomo rip them a new ass again before going in.
The day is coming to make a play on financials again probably around pump and dump FED time. A better play might be XLF on the financials for the next sucker rally. There might be a sneek attack rally on financials coming on some BS fluff...
A retest of lows would be nice. It might be CFC all over again so be quick and nimble.
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Jan 2008 lows which are 1998 lows also can go down to $10 area;
not likely i would want to be early long in a class action lawsuit infested - downtrending sector,
course thats just me.
WM does , [at this time] have some but not all of the class action suits like C, CFC, but sell volume is averaging higher, for sure.
Quote from murray t turtle:
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Jan 2008 lows which are 1998 lows also can go down to $10 area;
not likely i would want to be early long in a class action lawsuit infested - downtrending sector,
course thats just me.
WM does , [at this time] have some but not all of the class action suits like C, CFC, but sell volume is averaging higher, for sure.
Patience is paying off. Of course, I'm waiting chiefly because I'm largely clueless. Luck favors the dumb and the brave, it appears.
