Watch out for CFC
28Aug2007 Filed under: Intraday Trading Author: OptionPundit
$2billions from BAC didn’t help CFC much (neither it helped BAC). Both are falling, and therefore watch-out for CFC.
$19 is seemingly quite strong support and then $18 (the price for BAC). It might be potential intra-day bearish position but keep very tight entry/exit should you decide to play this.
Profitable trading, OP
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Been There, Done That
OptionPundit | CFC Closed for +15.7% profit
August 29th, 2007 at 10:40 am
[...] mentioned to watch out CFC for $19 area, and it did drop today. I opened a straight put and then closed it as it started to move back [...]