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EPS100Momentum (69.78)

Wish I had known about 500k buy before the close:

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January 21, 2009 – Comments (6) | RELATED TICKERS: JPM , FAS , HBHC

JPM JP Morgan Chase CEO bought 500K shares at $22.92

 This is gonna hurt, FAS is up alot more now afterhours. 

Guess if you play with fire you get burned. Who would have thought financials were gonna go up? At least HBHC is still down.

 Was I the only person who lost money today??

6 Comments – Post Your Own

#1) On January 21, 2009 at 4:50 PM, Vet67to82 (99.65) wrote:

Sorry, but probably ...

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#2) On January 21, 2009 at 5:06 PM, Harold71 (95.45) wrote:

It wasn't hard to have a rally after the two week death march by the banks.

Stops. Are. Useful.

I stopped out of FAZ quite early today.  FAS would have been great, but I always go long energy, not worthless finance companies.

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#3) On January 21, 2009 at 5:20 PM, TMFinept (68.70) wrote:

I wish I had known about a lot of things before they happened.

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#4) On January 21, 2009 at 5:48 PM, awallejr (81.52) wrote:

"I wish I had known about a lot of things before they happened."

Quoted for truth.

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#5) On January 21, 2009 at 6:13 PM, nuf2bdangrus (< 20) wrote:

I closed all of my shorts except AZO yesterday.  I reloaded SRS as a hedge, but it tanked and I closed most of it.  We may rally for a few days/weeks with Obama, Treasury, etc.  I've learned how the game is played.  So I'm going long preferreds, and then will sell them at the top, and reload with ultrashorts...it lets me hold my core portfolio, which slowly expands on every dip.

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#6) On January 21, 2009 at 7:55 PM, SpaceMonkey01 (82.85) wrote:

I got lucky today. Sold out of SRS at the close yesterday, selling into that strength making some decent gains. I was tired of seeing it go sideways for weeks there. Saw it gave back all the gains today. I bought AAPL prehours today for 80....it looks like a good trade so far. I feel like I can probably ride the exuberance train on this one for at least a week. I might jump back on SRS when it looks oversold again.

 Wish all my trades worked out this well.

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