kes, good call after the fact. Holding for the big win or just flipping?
Posted by: kelseyf Member Level Date: Tuesday, March 09, 2010 3:26:30 PM
In reply to: Bizreader who wrote msg# 165133 Post # of 168144 Send a link via email Share on Facebook Tweet this post
Not for the faint at heart...that is for sure. Agree today has been a heck of ride for those on the WAMU ship.
In some respects a day like this is best suited to stay away from the min. to min action if one is on board with WAMU for a settlement. To easy to close out a new position based on emotion.
I stepped away for about 4+ hours before the fire works started today, just came back to see that my set-up for today was excuted. Sold off a portion of my over all WAMUQ position (15K shares) at the open @ .68 to see a buy back @ .43 when the dropped occured. Since to me that price .43 was an important one.......so far this piece of the trade is looking good to my over all position.........I call this a GUN & RUN trading strategy
Kels
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