Stocks for the Rest of Us
Ridiculously Oversold Market Could Produce a Bounce… Long SSO
I took a long position in SSO today. The market is riduculously oversold here and I expect a bounce of at least a few percent. Don’t get me wrong, we’re not in the clear. When volatility is out of control the best thing to do is keep the trades small and losses contained. I’ve got a stop set at 33 just in case.
| Print article | This entry was posted by brian on October 8, 2008 at 3:26 pm, and is filed under Focus Trades. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |