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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

FXP: Sold @ 48.15

RaginCajun Thu Jan 22, 2009 9:36am EST 10 Comments

I took proits on the FXP trade today. I like my chances buying this morning’s dip, MSFT numbers blow because they are no longer relevant, AAPL & GOOG are killing them.

I like my chances going long here.

Note: How many chances will RIMM give you for an easy entry?

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10 comments

  1. RaginCajun
    RaginCajun
    January 22, 2009 at 10:09 am

    Once again I find myself watching the 820 level.

    I just bought some FAS @ 8.60

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  2. kmorph
    kmorph
    January 22, 2009 at 11:06 am

    Hm.. I don’t know. still think this is a “buy the dip” opportunity?

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  3. RC
    RC
    January 22, 2009 at 11:14 am

    yes.

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  4. RC
    RC
    January 22, 2009 at 11:40 am

    Ok, now I’m a little worried.

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  5. firewire_pl
    firewire_pl
    January 22, 2009 at 11:53 am

    Me too, i had to sell fas for now…

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  6. Leo
    Leo
    January 22, 2009 at 11:54 am

    820 is important, but yesterdays’ long base with lows just under 812 may be more important for the next day or two…
    here comes the test

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  7. Yogi & Boo Boo
    Yogi & Boo Boo
    January 22, 2009 at 11:54 am

    RC – What would change your mind? Bonds are taking a big hit. Where will the money go?

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  8. Gwar
    Gwar
    January 22, 2009 at 12:01 pm

    Im shorting SSO all the way to 80.6 SPY. I think thats most important. FAS is a buy soon.

    Thanks for the weekly movie MR RC. THey are great

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  9. houndog
    houndog
    January 22, 2009 at 12:57 pm

    I want to go long GOOG but am looking for my balls to make the trade.

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  10. RC
    RC
    January 22, 2009 at 2:05 pm

    Can’t you guys feel it? Love it!!

    At the end of the week, i hope everybody had made money on RIMM, every pullback I gave an alert to buy.

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