Buy SKF Double short Financials
We love the chart. We speculate that there won’t be TOO much fed will do tomorrow. Even if they cut by 25 points the market will bounce initially and then take the financials and retail down with it
SKF is a double inverse of financials. We think we’ll see a initial spike for the financials and then a brutal sell off to follow.
That would make SKF all jumping and pumping. Go to the chart here. See the pattern.
BUY SKF
1) Tomorrow,01/30/2008, If Fed cuts nothing tomorrow.
2) Late tomorrow 01/30/2008, or after noon the day after tomorrow 01/31/2008, If FED cuts 25 basis points.
3) if FED cuts more than that, we will wait on the buy.
Good luck Swinging. This is one of our best recos in this market. Guys keep it going. It’s got the liquidity. It’s ‘off the highs from the last cut’ We are ready for the trade Are you??
Good Luck Swinging,
Your Adarsh.
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Come on HIT me wid ur comments
what do you think of NZ’s price point? do you feel we can still keep up the same play?
skf- Hi I bought big time SKF- too much!! took a huge loss!- not a good stock pick- damn….gee wizz- your picks lately have been awful!!!
There is a bunch of us who are followers of this site but are now probably leaving- thanks for nothing
Jonas, he said if the fed drops more than 25, then you shouldn’t buy yet. The fed cut 50, so you should have waited. He said ONLY to buy if the fed cuts nothing.
wow !!!
Thanks Laura, At least few understand ENGLISH.
Jonas, Please refer to the third point of the blog. I don’t have to say anything more. You are welcome to leave. We want serious people who invest not morons like you who just visit and say rubbish with no sense.
LAURA as for your question regarding NZ,
Though, I can say we can still keep the play with it.
Just keep in mind that it is doing the lower lows thing! You understand right? See the chart you will see that whenever we hit a low it is lower than the previous low and whenever we hit a high it is lower than the previous high toooo… So, if you still wanna buy NZ, do buy it ut please sell it somewhere around $14 don’t wait more…..(may be it’ll go higher but chances are miniscule)
Today’s GOOG results won;t help short term the market (technology) will go down big this weak….may be it’s time to buy some REW tomorrow early morning.
Thanks for answer my question
I was able to pick up some shares early morning in 7.xx range. Major score for me!
Keep up the sound advice
Jonas, this guy is from another country and I believe has a problem with the Enlglish language himself- I think he is pakastanni or from some middle eastern nation. Sometimes they dont understand English, I am sure that is the problem.
I think this investment “intellectual” has closed up shop and left the country- or more like he lost all his money!!
We are buying SKF when the DOW hit 12760. That’s the deal. Go along friends.