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.
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??
Our MPEL is off to the races . We are up more than 24% from MPEL.After our first buy above the $11!!! Thanks to the huge sell off?? or damn huge sell off? We told you buy buy buy when it was going down. Did you act in time??
Good Luck Swinging,