godoftrading
Dryer sheet aficionado
- Joined
- Apr 20, 2008
- Messages
- 36
Where are those psychics when you need them?
It's difficult to short stocks under $5, so I bought some cheap August puts instead. When the short restriction [for Fed borrowing banks] lifts on the 12th, the financials will tumble and take WAMU down even lower. That's the bet, anyway. I also have some Wachovia Sept puts.
Kinda off-topic, but what, if any, is the relationship between this
company and the mutual fund called Washington Mutual Investors
Fund, from the American Funds group (AWSHX) ?
Finance-naive buddy was freaking because DW's 401K had bunches
of money in that fund, and I explained it's completely unrelated.
Wanted to make sure I gave good info ... Thanks !