Posted by billrosen on 27th of Aug 2009 at 12:03 pm
I am certainly not going to put my money where my mouth is but
AIG failing to break 50.00 and lose TL support, abjective short
here, but I am just watching after exiting my earlier trade
Posted by manson805 on 27th of Aug 2009 at 12:30 pm
Bill,
I'm not seeing any sell signals on ANY of the charts except for
maybe the 1min??? Even then it's just consolidating. I'd really
wait for some sort of confirmation otherwise it seems like an
emotional trade. Don't let them get the best of you!
Banks just seem to be running with the news so why fight
it.
Posted by manson805 on 27th of Aug 2009 at 01:02 pm
Good Good. Gotcha! I should have read into the "certainly not
going to" part of the title :)
check out AIGs little brother
AIB. Another bank stock that seems to be
running with the herd. Also could be finding a top soon? Hard to
say in this crazy market.
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I am certainly not going
Posted by billrosen on 27th of Aug 2009 at 12:03 pm
I am certainly not going to put my money where my mouth is but AIG failing to break 50.00 and lose TL support, abjective short here, but I am just watching after exiting my earlier trade
why short?
Posted by manson805 on 27th of Aug 2009 at 12:30 pm
Bill,
I'm not seeing any sell signals on ANY of the charts except for maybe the 1min??? Even then it's just consolidating. I'd really wait for some sort of confirmation otherwise it seems like an emotional trade. Don't let them get the best of you!
Banks just seem to be running with the news so why fight it.
50.00 is a fairly key
Posted by billrosen on 27th of Aug 2009 at 12:47 pm
50.00 is a fairly key resistence level where it failed to break thru twice...not shorting, just an observation
I'm with ya.
Posted by manson805 on 27th of Aug 2009 at 01:02 pm
Good Good. Gotcha! I should have read into the "certainly not going to" part of the title :)
check out AIGs little brother AIB. Another bank stock that seems to be running with the herd. Also could be finding a top soon? Hard to say in this crazy market.