Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 689.10

0.0%

Jan 23 4:00 PM EST

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To: Augustus Gloop who wrote (44203)	1/27/2013 1:55:54 PM
From: Fintas	Read Replies (1) of 222297

RE GEN. Just took a look I see 10% up with a 30% down after. Your target up is doable. Yet with the financials a bit toppy I'd let it peak, roll down and come in for that eventual move to 16. Meaning if one buys it now yes it could push a bit.. But it will stall, roll down the % suggested and then turn UP. Patience is what one learns and here it would apply for the long side. Just my opinion and I'd also say one could do as well with BAC and just grab it at areas I've suggested in the past. Under 10 is probable for the higher upside % wise ie. 19/27/34 in time. Also options have more ooomph if one can catch them on a sell off and understand realistic targets, premium etc. Disclosure I'm long BAC and do trade around it with leaps and covered calls. Fintas

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