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Re: Myself °¿° post# 3082

Tuesday, 10/28/2008 6:27:58 AM

Tuesday, October 28, 2008 6:27:58 AM

Post# of 4839
This week bank shares are planned to be bought...
Probably in anticipation of disappointment.
fed is running out of cut bullets.
62% pricing in .50 interest rate cut
38% pricing in .75 rate cut
cutting it .50 would set it at 1.00%
so disappointment is at hand.
Shorting opportunity is on it's way?

I was afraid of the possible short squeeze before the fed. Thats why my small short position.
Now I get to watch the i'v drain off. I'll add more short as xlf goes up.


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