iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Cautious

I know you have been waiting for me to come out firing like I always do, but I will not.

I did just buy a little Morgan Stanley [[MS]] @ 24.60

and some [[UYG]] near $17. (note: small positions)

Regions Financial Corporation [[RF]] also seems interesting to me here around $13, but I already have MS & UYG.

I also added to my puts in [[IWM]] as a hedge. (still have that strangle going)

It’s important to be very careful here. If you decide to go long throw a hedge on for downside protection ie. [[SRS]] or puts on IWM.

Charts are indicatiing a bear flag at the moment (very Bearish), be careful.

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11 comments

  1. RaginCajun

    IWM puts!!

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  2. RaginCajun

    watch 10,440 yesterday’s low

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  3. RaginCajun

    IWM, significant breakdown.

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  4. lol

    nice. Rather than put a position on UYG, I strangled the XLF.
    Puts on IWM are on

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  5. RaginCajun

    IWM puts, Money!

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  6. RaginCajun

    Selling my IWM puts here for egregious profits.

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  7. RaginCajun

    Sold my SRS @ 97.40

    Going net long into the weekend.

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  8. CubsRock

    I grabbed some GOOG and APPL for you Ragin 🙂

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  9. RaginCajun

    I grabbed some AAPL right at the bell, but don’t tell anybody.

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  10. JakeGint

    Regions is toast.

    Stay away.

    ________

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