Originally Posted by
Big Ben
What is the play now? Markets are about to do what I called for six months ago. Sometimes genius shows it head a little early, lol. Some guy called for s and p to get down to 400, thats my kind of guy, call it as u see it. I would be adding to my shorts but I am all in already, waiting for Jan 1 to make some moves. By then all of my shorts will have rebounded past my average price, markets are mean. I sold some siri for my mother today at 1.36....I scooped these share for her on 2-18-09 .14c-.17c, nice 864 percent return. If you have a nice pop like that and don't cash some you have no business being in this business.
Is siri still under Stern watch? If he leaves he might go down in history as the man who saved and buried satellite radio, interesting. I called for the pop up from 1.20-1.50 if Stern signs, if not....scary ride down. Stock pop on good metrics, what is the down side if he walks...too scary for me.
I am putting in a stop loss for madre around 1.20. I also scooped FAZ at 12.15 today, tried to pick it off at 10.2 and 10.5, had issues with multi accounts on tdameritrade...figured it would hang out there for a few days..not so much. Up seven percent today, luv it, my biggest holding, FXP is up six, second biggest holding, getting my money back, not new money.
Feel free to scoop either of these shorts they should run for a few days.
Good luck
Big Ben