Your Adarsh™

Letz mint some ‘ka-ching’

A very Quick trade on long side.

If somebody only wants a long trade. Get on the WFR swing right now.

We have been waiting for WFR To go through that resistance at 79 and change.

Trade:

Duration 2 days : Today tomorrow and the day after. Close the position on Friday.

Buy WFR at $79.5 with a tight stop loss.

Sell it if it goes below 79 again.

Sell WFR at 86.5.

$7 in two days aint bad. That is  8% in two days.After the DOW hits taht 12750 mark go short or buy some proshares.

We are sticking with SMN and SKF…..rhyming Huh ?? lOL

We will start the positions again on Friday in these two (we assume the market will reach 12750 by Friday and that’s when we are going short the market)

Good Luck Swinging.

Your Adarsh.

February 13, 2008 - Posted by explainstuff | Blogroll | | 8 Comments

8 Comments »

  1. Is wfr in play to buy ah or tomarrow after this market sell-off today?

    Comment by John Patrick | February 14, 2008 | Reply

  2. No we broke the support at $79. Buy either at 73 or at 80, not now.

    Comment by Yadlapalli Adarsh | February 14, 2008 | Reply

  3. ok thanks hope there is a trade tomarrow

    Comment by John Patrick | February 14, 2008 | Reply

  4. what kind of name is Adarsh? you from Alabama? We aint got guys wth names like Adarsh in Alabama

    Comment by mary-lou | February 14, 2008 | Reply

  5. John the trade is ON.
    Buy around $74.5 stop at $73.75
    Sell when we test the weeks high at $81. Should be taken before next wednesday. The market gets the STP report on the 20th. Do keep in mind that the stock price will go volatile again that day depending on the report. IF the report is good we take out the $81 level. If it’s bad we go back to $69. That’s why we’ll have a stop at 73.75 almost at the central bollinger band as of today.
    Good Luck. If we take out the $81…do make sure you move your stop order to $81 from $73.5

    Comment by Yadlapalli Adarsh | February 15, 2008 | Reply

  6. Mary,
    No I’m not from Alabama LOL …..”Adarsh” in my mother tongue (telugu – wikipedia might have some info on that) means IDEAL. That is supposed to be a very nice name back in India. Yya it doesn’t sound way that good in english, I understand.

    http://en.wikipedia.org/wiki/Telugu

    Comment by Yadlapalli Adarsh | February 15, 2008 | Reply

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