AIG, FRE, FNM, BAC and C(garbage financials) all attracting speculative money now. They are melting up and FAZ is crashing obviously but keep this on the radar as it will be a solid trade soon.
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Wednesday, March 18, 2009
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March
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- SPX Falling Wedge Still Holding
- George Soros: The Recession Could Last FOR EVER!
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- OUT FAZ 43.17
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- Nice Reversal At The Close On FAZ
- LONG FAZ: Swing Trade: 300 shrs at 36.48
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2 comments:
I'm watching for movement as a result from the Fed announcement, which started just now.
1.5bln shares of AIG were shorted. See the volume - I don't think they're quite done covering. But soon :)
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