Friday, September 12, 2008

Grounhog Day

Same morning look as yesterday. The financials are much lower, AIG especially, has given everything back from its rally off the lows yesterday. LEH could be a drill bit today as CNBC just reported there will be no government backstop for a potential purchaser.

Hearing from folks in the know that AIG has more pain ahead. I'm short UYG and AIG


SkyTrader said...


crazy day for me, playing the ferts and solars-- up, down, big up, big down...

and then, caught the AIG drop near the close perfectly, and heavily short. NICE.

Congrats to you on what I bet was a great day too!

upsidetrader said...

congrtas-great day- aig was my only play all day- i was short in pre market-that was a nice implosion the last 25 minutes

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.