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rjm77me's Blog : CNBC Fast Money says STD and JEF is a buy

Date

February 8, 2010 Edited: February 12, 2010

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Feb 12 noon update -- This was a good trade for me

STD - trying to buy sept 7.5 options with a limit order - my target on STD is 16.5 - trading at 13 at this time

I like both picks STD and JEF
STD had sold around 17 and offers decent risk and reward here

JEF had sold above 26 few weeks ago and will look to buy around 23.5

I am not buying in personal account - just adding to buy watch

Tags : JEF STD

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Author

GeraldS

Date

February 9, 2010 03:43 Edited: April 9, 2010 by GeraldS Abuse this post

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Unemployment rate has dropped, but underemployment is overpowering for most American workers. Underemployment is where a person has a job – they aren't unemployed – but they work for lower salaries or below what their aptitude would be – say if a lawyer can't get a job as an attorney, but works as a paralegal just to pay the bills. The number of under employed is almost double the number of unemployed workers – and that many more people are still worrying about if they need pay day loans – though the security of employment is a comfort, they still are wondering when they'll be back in a job they were accustomed to.

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rjm77me

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February 9, 2010 09:24 Abuse this post

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I agree - I am from Motor city of the world and know the pain in 200 mile radius.

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