Roy, if that chart plays out, then SRS should go a lot high; but of course, realize that we could see violent moves one way or another, so realize that you would have be be able to sit through this if you wish to try and swing trade it. These are very unprecidented times

    a trade on SRS

    Posted by junkmaylbox on 5th of Oct 2008 at 10:26 pm

    I understand. You and Steve reiterated  extreme caution during the weekly bulletin tonight. I don't want to be a hero. Would you take this trade now? If yes, what percent would you use for a stop (as a trailing stop or in terms of average true range)? I have no experience trading during unprecedented times like this one. I am okay with not taking the trade at all, I am looking for some guidance in numerical terms. I presume the same applies to your trades on the watch list as well (AVN in particular). Thanks for your help on this! -Roy

    be careful...it looks like SRS

    Posted by dylan398 on 6th of Oct 2008 at 07:55 am

    be careful...it looks like SRS will gap up significantly....I would not suggest buyin until you get a pullback....I own it and might be selling pre/mkt

    a co-ordinated rate cut may come at any time....also I believe the SPX may open around 61.8% retracement levels...

    Dylan: why would you sell

    Posted by srleblanc on 6th of Oct 2008 at 09:10 am

    Dylan: why would you sell pre-mkt if you expect SRS to gap up? what am I missing?

    105 is dollars higher than

    Posted by dylan398 on 6th of Oct 2008 at 09:21 am

    105 is dollars higher than the close friday.......it may go higher...I'm a short term trader....I may buy it back, if I see strength..

    Thx - got it

    Posted by srleblanc on 6th of Oct 2008 at 09:38 am

    Thx - got it Money mouth

    SRS

    Posted by drorlando on 6th of Oct 2008 at 09:44 am

    If you are gonna buiy her back, better be watching here, soon she will be a buy again!

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