SKF - bluedog - SocialPicks

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SKF
Aug 05, 2008 03:05 PM UTC

bluedog

Return	Risk
-6.08%	MID

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Symbol	Sentiment	Start	Return	Closed
SKF		08/05/08	+0.00%	08/05/08

Via Bluedog:

I started a position in SKF at $118, a 44% discount from the high of mid-July. The financials have risen 50% over the past two weeks and are just below overhead resistance at 50 EMA (See, XLF). Is the bottom in? I doubt it. I think we're bound to see more pain before the healing begins.

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gene fleszar

62%

1 point commented 478 days ago reply

skf is a ultra short inverse stock it will only make money when the market goes down, with the market in a flux right now you better have a stop loss, if the market starts going up this will take a dive real fast.
Gene

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