Well I will go again here and say FNM and FRE going to $2, yep folks aint going to go up AT ALL. Call me the bear man or the doom and gloom but from what I have been hearing it is bad in bank and mortgage land.
I have one for you guys to watch- LEHMAN brothers it is going down folks. I would not be surprised if that one goes to $5 and the mighty GS will go to $135, so mark it down.
Anyways folks TECH is about to fall. I think we will get a sell off in tech before end of September so some of the September puts on the high flyers might be good to dip your feet in.
I personally think you have to be insane to buy any stock in the market right now except the ultrashorts. Yes we will get bounces but they wont last. I still have first open target for the Russell @600 before the year is over and 350 in the next 18 months and I will stick to that call and I always.
I have a trade call tomorrow for you all. It is a SEPT put on a stock I think has much lower prices.
MARKETJEDI
Monday, August 18, 2008
Rolling Over
We are rolling over early this morning. Tested the overnight lows before 10 am is not good
Subscribe to:
Posts (Atom)
