LONG:
GFA (tp 30.5, stop 26)
GSI (tp 13, stop 10.50)
MOS (tp 98, stop 90)
UPDATE
I hit my stop loss with MOS corp. (These hedge fund liquidations are the equivalent of land mines when it comes to investing - all seems fine and then BOOM)
Monday, September 8, 2008
Trade of the week...
We are still in a bear market, I don't care if the Feds are "injecting" Fannie and Freddie with money. However, the market has been oversold and this news might be enough the reassure some institutions to nibble (almost all of the "big swinging d*cks" have considerable cash positions that they need to put to use eventually). I am going to play this "moral hazard" game with the market by taking considerable long positions in GFA (a homebuilder albeit Brazilian), GSI (which seems to have held support), and MOS (this one has the tightest stop at 90)
LONG:
GFA (tp 30.5, stop 26)
GSI (tp 13, stop 10.50)
MOS (tp 98, stop 90)
UPDATE
I hit my stop loss with MOS corp. (These hedge fund liquidations are the equivalent of land mines when it comes to investing - all seems fine and then BOOM)
LONG:
GFA (tp 30.5, stop 26)
GSI (tp 13, stop 10.50)
MOS (tp 98, stop 90)
UPDATE
I hit my stop loss with MOS corp. (These hedge fund liquidations are the equivalent of land mines when it comes to investing - all seems fine and then BOOM)
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