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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

Monster Moves

RaginCajun Thu Jul 17, 2008 4:19pm EST 1 Comment

You gotta love this action if you are a trader. We are seeing monster moves in everything from banks to oil, everything is flying.

Today my theme was simple, oil was breaking down and I wanted to take advantage of it. So what did I do? I bought everything that has been beatin’ down because of oil. Airlines via [[HA]], Refiners via [[HOC]], the consumer via [[BWLD]].

Sometimes the easiest trades are in front of you, you just have to think through this tape.

Note: I made a terrible decision buying [[AAPL]] in front of the [[GOOG]] numbers. It could have been worst I could have bought GOOG.

See you guys tonight..

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One comment

  1. thetruck
    thetruck
    July 17, 2008 at 5:15 pm

    Ragin, Great trades.

    AAPL is done, no doubts. maybe a strangle into earnings but me thinks since yesterday (wallstreak post) aapl long not a good idea

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