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Monster Moves

by RaginCajun on July 17th, 2008 at 4:19 pm

You gotta love this action if you are a trader. We are seeing monster moves in everything from banks to oil, everything is flying.

Today my theme was simple, oil was breaking down and I wanted to take advantage of it. So what did I do? I bought everything that has been beatin’ down because of oil. Airlines via (HA: 8.75 +6.97%), Refiners via (HOC: 30.92 -2.24%), the consumer via (BWLD: 35.77 +2.26%).

Sometimes the easiest trades are in front of you, you just have to think through this tape.

Note: I made a terrible decision buying (AAPL: 173.74 -0.53%) in front of the (GOOG: 473.78 +1.11%) numbers. It could have been worst I could have bought GOOG.

See you guys tonight..

One Response to “Monster Moves”

  1. thetruck Says:

    Ragin, Great trades.

    AAPL is done, no doubts. maybe a strangle into earnings but me thinks since yesterday (wallstreak post) aapl long not a good idea

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