Friday, October 09, 2009

BAGAKOAA Oct 9 2009 MCD a new way to play


 Oct 9 2009 MCD a new way to play

A while back somewhere in this blog, I pontificated on the channeling of MCD between 52 to 56 (I know there was peak in June at 60, but that seems a bit of an anomaly).  Back in July, I put a limit order in at 52.  Now the stock is at 56+.  I am going to be bravely foolish and put my money where my mouth is and sell short MCD, looking for the reversal towards 52.   This is very risky and I am not recommending this to anyone, but have watched this stock channel for so long, that I am going to give it a go.

Salve Lucrum





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