Wednesday, August 13, 2008

Pin Action

Remember this friday is options expiration and we have pin action in play here. Don't trade if you dont have to.

TRADE CALL UPDATE: TWM

These are rocking from the monday call. They are up $2 here, if you like you can take off but I am riding this one

NICEEEEEEEEEE!

How about that SKF trade call long on monday????
entry was $110.50 now trading @ $129, almost 20% in two days.


Financials just got downgraded again including Goldman Sachs.

Wednesday

Hey guys and gals I am still taking my holiday but thought I would buzz in and talk about the markets here. Presently we have the most important sector in my opinion the financials in a complete unraveling. Why dont anyone see that everytime they say this sector is bottoming it get smacked down to reality. Look at GS yesterday folks, totally crushed and I think they will have a hard time in the future making the huge profits they have been used to.
I still think FNM and FRE goes to $2, mark it down. The FED CAN'T save that one -THAT'S JUST REALITY-. All those fund managers buying citibank, wachovia etc GOOD LUCK!!!. I mean if they think this is close to the bottom well I guess I will miss it here as I DON'T believe we are at the bottom.
Folks this is my prediction here and now. the S&P WILL SEE 1180 before the elections. If we don't I will eat my dog's poo and broadcast it on YOU TUBE :) NOT. Seriously though you wont see me do it because we going to hit 1180's before the election.


STAY TUNED FOLKS going to have something set up here very soon that everyone can get involved in and make money, just tell your family and friends!!!!!!!!!!!!!!



MARKETJEDI