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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

USO up 3, market above 10,800

RaginCajun Wed Sep 17, 2008 2:31pm EST 7 Comments

Make sure you grab a few longs down here.

I picked up National-Oilwell Varco, Inc. [[NOV]] @ 53.30, also added to my position in FCX off of Fly rec, and grabbed Google Inc. [[GOOG]] @ 418.

Note: I’m still long [[SRS]] , and short Legg Mason, Inc. [[LM]]

Update: Out of GOOG @ 421

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7 comments

  1. RaginCajun
    RaginCajun
    September 17, 2008 at 3:17 pm

    sman7, now’s your chance to take down those LM puts.

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  2. sman7
    sman7
    September 17, 2008 at 3:25 pm

    I just did. Thanks RC. I did it before you posted you message. Trouble is, I think I was a touch early. Bought Nov 30s.

    Giddy up.

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  3. RaginCajun
    RaginCajun
    September 17, 2008 at 3:37 pm

    out of GOOG @ 421

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  4. scott
    scott
    September 17, 2008 at 3:54 pm

    RC,

    Do you have a target for SRS?

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  5. RaginCajun
    RaginCajun
    September 17, 2008 at 4:12 pm

    $110

    http://www.finviz.com/quote.ashx?t=srs

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  6. P
    P
    September 17, 2008 at 5:54 pm

    Tons of money to be made, but damn, I got flagged for pattern day trading for the second time and they took my margin away. Blah, I’m still up at least.

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  7. sman7
    sman7
    September 18, 2008 at 9:59 am

    It appears that LM is bouncing back to $40. Should be day of rest before we resume the pounding of financials.

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