Monday, August 27, 2007

 

Quick Alert: Financial Stocks Getting Murdered

Despite the tired feeling of today's session, select financial stocks are getting blown out.

The "hammer of death" is falling on LEH, RDN, CFC, MTG, RWT, FMT, NFI, TMA, CORS, COWN, NLY and BSC.

In short, avoid or sell short the financials, while staying long anything else. Additionally, SRS (short homebuilders) looks good for a trade.

# posted by Broker A @ 3:34 PM
Comments:
Same shit different week.

Betting against mortgage and housing looks like as sure a thing as you can get in this market.
# posted by Blogger nncoco : 3:48 PM
 
Broker - could you touch on the unusual options trading on the S&P / Euro 50 in your CC's. Thanks
# posted by Blogger traderx : 3:53 PM
 
Anyone follow Barclays (BCS)? It looks juicy with the dividend and all.
# posted by Blogger Stockhead : 3:55 PM
 
Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?

 Subscribe in a reader

DISCLAIMER: This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.