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Monday, June 30, 2008

Stock trading, Stock Market, XLF short term Bottom, June 30, 3:08PM,

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I have to call my retirement brokerage firm to place trade in my retirement account. So I do not have time. But, the short bottom I wrote about in XLF is around the corner. I do not have time to explain myself now, but I get to go to place my order.

This is not in a trading account, but in my retirement account. I am placing the order using the fidelity select banking fund (which trades each hour). I hope XLF will not run up, and I get a bad fill. If it does not move much, it is good for me.

Details later.

Just to confirm that I got in on long side of XLF few moments ago. I put in just a partial very small position with respect to portfolio with intent to scale in pyramid formation. This is my first buy of banks for years now. In case XLF decides to gap down tomorrow, I might pick some more. I did not want to be left out, so I was I put in a little position.

AFTER HOURS: Lehman is up 3% and XLF is up in afterhours trading. The call in this post is then the right call at the right time! I may be calling another daily top or bottom in series (let the streak continues)!

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Best regards and happy trading,

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Happy trading,


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