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TRIGRs Downside Profits

July 16th, 2008 · No Comments

We’re starting to add a bias to TRIGR. We’re weighting the relative potential for upside and downside trades. Clearly, TRIGR has been offering more downside trades. And that fits well with current market condition. Despite Bernanke and Paulson’s attempt to assuage the market that mortgage lynchpins Freddie Mac and Fannie Mae are fine, investors continue to sell financials.It’s almost like investors don’t believe that everything’s hunky-dory. But given that Bernanke is forthcoming by neccessity only, investors are right to remain skeptical.

CompuCredit (Nasdaq:CCRT) was a top short last Wednesday, July 9. You could have taken a position at $6.40. The stock closed yesterday at$5.50. That’s a 14% drop in 5 days.

Dollar Thrifty (NYSE:DTG) could have been had at $3.33 to $3.72. Yesterday’s close at $2.52 is a minimum 24% gain. Both stocks make the list again today.

FirstFed Financial (NYSE:FED) was $8.03 on July 3. Yesterday it closed at $4.64 for a 42% drop. Taylor Credit (Nasdaq:TAYC) was $7.51 on July 7. Yesterday’s close at $5.49 is a 26% drop.

Tuesday Morning (Nasdaq:TUES) is a new short today at $3.34. It’ll be interesting to see how it fares over the next few days.


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