Welcome to SomaliNet Forums, a friendly and gigantic Somali centric active community. Login to hide this block

You are currently viewing this page as a guest. By joining our community you will have the ability to post topics, ask questions, educate others, use the advanced search, subscribe to threads and access many, many other features. Registration is quick, simple and absolutely free. Join SomaliNet forums today! Please note that registered members with over 50 posts see no ads whatsoever! Are you new to SomaliNet? These forums with millions of posts are just one section of a much larger site. Just visit the front page and use the top links to explore deep into SomaliNet oasis, Somali singles, Somali business directory, Somali job bank and much more. Click here to login. If you need to reset your password, click here. If you have any problems with the registration process or your account login, please contact us.

DOW Below 7000 & This Week's Play

Qaybta Dadka Baayacmushtarka ah

Moderators: Moderators, Junior Moderators

OUR SPONSOR: LOGIN TO HIDE
User avatar
Aerosmith
SomaliNet Heavyweight
SomaliNet Heavyweight
Posts: 1214
Joined: Sun Sep 28, 2003 7:00 pm
Location: Inside CFAI Publications

DOW Below 7000 & This Week's Play

Postby Aerosmith » Mon Mar 02, 2009 6:40 pm

Salams All,

I'll be back to the wr zone tomorrow Insha Allah and anticipate the DOW to further go down a little. Not a good sign & psychological barrier. 6500 is my next break barrier, this week should be interesting. The Asian markets futures are already down.

Overall I am going with these slots:

*Buy C tomorrow with stop loss of $0.85. 200k shares.
*Use SKF for hedging against financials.

If S&P dips below 650 or VIX rises to 60, I will long insurance and metals, short small cap gold.

Overall I'll still be 50% cash.

Others. Good luck fellow traders.

PS: Another reason to buy Citi for those willing to play hard and wait for a decent bounce, Prince Al Waleed is confident in Vikram Pandit and I seriously doubt Citi or the Rich boys in Wall Street can afford to piss him off. He always comes through and did come through for last two time spikes.
http://www.huffingtonpost.com/2008/11/2 ... tml?page=2

User avatar
AbdiWahab252
SomaliNet Super
SomaliNet Super
Posts: 56663
Joined: Mon Jul 14, 2003 7:00 pm
Location: Unity. Strength. Capital.

Re: DOW Below 7000 & This Week's Play

Postby AbdiWahab252 » Wed Mar 04, 2009 1:44 pm

BBI - Blockbuster, dropped like a rock yesterday, up 100%.

This is a speculative play :up:


OUR SPONSOR: LOGIN TO HIDE

Hello, Has your question been answered on this page? We hope yes. If not, you can start a new thread and post your question(s). It is free to join. You can also search our over a million pages (just scroll up and use our site-wide search box) or browse the forums.

  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers - Business”

Who is online

Users browsing this forum: No registered users and 2 guests