Watch out for CFC
Published on August 28, 2007
Published on August 28, 2007
$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
[…] 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 […]