I haven't been posting recently cause school has been hectic. For some of the newbies on here, be very cautious with the advice people have been giving. Irecommended PALM a wihle ago and a few kids on here said it wasn't a good stock and all that. I made 40 or 50% on that in the matter of 12 days.
As far as what I've been trading the last two months. I bought BAC, C, FAS, and WFC back in late january before they tanked. I went down like 50%. I waspatient though and waited for the bounce. I made back my money and then a lot more. I'm still holding on to BAC and C. I'm in the money on both and Ihave tight stops set so I'm limiting my downside risk.
I bought Ford a few days ago and SRS. I'm down on SRS and have made a small amount on Ford. For those who thikn the market is going down from hereespecially commercial real estate, SRS is a nice play. There's a lot of support around 25 and anything below 30 is a great buy. As far as shortingfinancials, I'm still holding out. With the random stuff the Treas and Fed and Obama having been doing, I don't know wwhats going to happen to the bankstocks. I think WFC is still a solid play. This stress test stuff is way too overhyped I don't think its going to be as big of a deal as people think.
Current positions:
Long: BAC ($6.50) , C ($3), FAS ($7.50), WFC ($11), F ($3.80), SRS ($30) (all equity)
Short: XOM, BP
By the way, I took some BAC and FAS and WFC off the table last week. Its important to lock in your profits and to wait for the next move aka patience.
