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Old 11-19-2008, 03:26 PM
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Join Date: Aug 2008
Location: Miami beach
Posts: 156
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Default .buying swing GM at 2.64-.65 2x OVERSIZED.and ADDING F at 1.27-.29

.buying swing GM at 2.64-.65 2x OVERSIZED.and ADDING F at 1.27-.29 area im now reentering GM aggressively, and adding to F to make the F position now 4x oversized, again the mental stops are at day lows, on F its 1.20 and GM its 2.51. The fed notes were not positive we will soon see if they were priced in. There is a lot of risk in such a weak market day thats why I have my stops close enough on such large positions but thankfully these guys are liquid enough for us. If we do get stooped out which is always a very real possibility when trying to catch a bottom as the knife is still falling, if I was to get stooped out I would keep the cash ready to trey again at a latter time.
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