Thursday, August 02, 2007

RAS - what a decline



Here's a daily chart of RAS, a mortgage lending company. What a meltdown. I think DT traded this guy too and I started trading it because of him. I some how lost track of this stock when I made new watch lists.

Next time I see some industry wide problem I will be sure to check out all related stocks in that sector. History often repeats itself. There's got to be some undervalued stocks in this sector right now.
Posted by at
Labels:

1 comment:

Dinosaur Trader said...

OBAT,

Yep, we were trading this in the 30s! Seems funny now...

Watch FED and DSL too... if these things keep going down, they could be in the 20s before too long.

-DT

9:33 PM

Post a Comment

Subscribe to: Post Comments (Atom)

About Me

I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.