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LONG... but not totally convinced


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#1 dTraderB

dTraderB

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Posted 18 May 2011 - 11:43 AM

LONG BAC, AAPL, XLF, IWM Not very convinced this bounce or mini-bounce will go turn into a major rally but I want to play the ST oversold markets at these levels. The dollar trade.... am tempted not in; I look for a major dollar rally going into the Summer. AAPL - best stock I've ever traded, $500 or more by end of year. BAC is very oversold and could go lower but I want to trade this for a 15 to 20% upmove IWM -- bullish call spreads. I think the financials will rally a bit here so I am long XLF.