All financial charts I look at, all breaking down.
CDO sales dropped from 42 bil in May to 9 bil in June.
LBO's getting canceled one after another.
Yet another Australian hedghog stopped redemptions.
This stuff is spreading like wildfire. '
Broker dealers will suffer the most. I sold some SKF yesterday and today, but I'll try to buy it back on any rally.
Hopefuly I won't have to chase it.
I also covered a couple brokerage stocks, but I'll try to get em back on any bounce.
Something wicked this way comes.....
Financials.. still shorting any bounces.
Started by
ogm
, Jul 25 2007 10:12 PM
2 replies to this topic
#2
ogm
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- Traders-Talk User
- 13,780 posts
Member
Posted 25 July 2007 - 10:25 PM
Look at this one. Familiar setup ? 3 strikes and out.
#3
JAP
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- Traders-Talk User
- 575 posts
Member
Posted 25 July 2007 - 11:27 PM
All financial charts I look at, all breaking down.
CDO sales dropped from 42 bil in May to 9 bil in June.
LBO's getting canceled one after another.
Yet another Australian hedghog stopped redemptions.
This stuff is spreading like wildfire. '
Broker dealers will suffer the most. I sold some SKF yesterday and today, but I'll try to buy it back on any rally.
Hopefuly I won't have to chase it.
I also covered a couple brokerage stocks, but I'll try to get em back on any bounce.
Something wicked this way comes.....
I've been watching the financials for quite some time and you are dead on.
I've been shorting XLF on small bounces and making a killing.
