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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

Get Your FAZcrack Ready!

RaginCajun Wed Dec 3, 2008 1:50pm EST 5 Comments

Nice head and shoulders formation on the S&P:

I got long FAZ, financial Bear 3X, earlier today @ 62.98. I will continue to watch BAC for my tell, and LM deserves to die here.

Disclamier: I’m short LM.

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5 comments

  1. Dax Desai
    Dax Desai
    December 3, 2008 at 2:08 pm

    Great read. I was long on FAZ and caught this one. Luckily looks like I got out at the right time too.

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  2. akapaul
    akapaul
    December 3, 2008 at 2:17 pm

    apparently bill miller said the bottom has been made

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  3. RaginCajun
    RaginCajun
    December 3, 2008 at 2:23 pm

    apparently.

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  4. Danny
    Danny
    December 3, 2008 at 2:40 pm

    makes sense. Bill miller, 2x as WORSE as the INDEX, is calling a bottom. Yeah, I’m sure he’s had enough.

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  5. sman7
    sman7
    December 4, 2008 at 1:12 pm

    RC, do you think it’s worth it to buy a few LM puts? Is it too late to play this trade?

    Thanks.

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