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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (47844)3/26/2009 9:30:36 PM
From: prometheus1976  Read Replies (1) | Respond to of 217745
 
thank you for the "heads up"...safe travels to you,regards,P1976



To: TobagoJack who wrote (47844)3/27/2009 12:15:25 AM
From: prosperous  Respond to of 217745
 
While SRS may serve well as a short term trading vehicle, if you look at the 2 year chart below, it has made higher highs and lower lows (expanding pattern) such patterns are long term bearish and it has potential to fall through the floor (fundamentally I don't see how that would happen considering that real estate has not corrected completely, however the chart seems to indicate that pattern where traders are erratically going at it); however I would be careful if you had to hold it any longer than a week.

finance.yahoo.com



To: TobagoJack who wrote (47844)3/27/2009 1:09:49 AM
From: SunSunM  Respond to of 217745
 
In hindsight, could it have been a good short when it was above 200, because of slippage ?



To: TobagoJack who wrote (47844)3/27/2009 6:20:27 PM
From: prometheus1976  Read Replies (1) | Respond to of 217745
 
i went ahead and wrote some SRS july 40 puts at an average of 9.20...let us see what unfolds,eh?

regards,P1976


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