TRADE CALL:FWLT SHORT

OK FWLT short here @ $65 with a $3 stop. Risk reward seem to be good here.

Won't help

Can't say I didn't say it- Market was up +100 points on the Ambac news now we are negative.
Geez when will they learn we just can't stop the lows from being open target. Oil will soon crash and burn here soon, all the talking head on tv talking about 107. Oh ok buy at 104 and sell at 107 for 3 point profit or short and get $15 down side. I think I will play the short side when it sets up.
This is a numbers game folks that's all it is.

POP then FLOP

Seem like the pop of the Ambac news was quickly sold into. Classic buy the rumor and sell the news.

Again this wont help the ailing derivative mortgage market.

MARKET POP

Market popping on news of deal to restructure Ambac to keep it AAA rating. This is just crazy. Maybe I should just crash my car or paint it with a brush and ask my bank to give me my purchase price for it. This is exactly why nothing can be fixed in this economy. The band aid mentally has to stop!!!!!!!

This wont help.
I predict funds will start dumping muni bonds soon

TRADE CALL !!

I am about to make another trade call today after market open which should be good for about $8-10. Yes we swing them for big profits here!!!! The stop loss will be $3 on the play so that's a good risk reward in my opinion. I am waiting on the first 1/2 hr to trade to see how we react at the open ..

STAY TUNED FOR ANOTHER WINNER!!!