The Dean’s Trades: Shorting COF @ $40

October 28th, 2008 at 7:31 am Posted by The Dean

I’m shorting Capital One Financial (COF) @ $40 and feel confident the stock will re-test lows set on 9/15 ($30.56), 10/9 ($30.88) and 10/24 ($31.16). Once everybody on Wall Street sobers up and returns to reality (bear market)…. credit card stocks will be next in line and everybody shorting COF @ $40 could be making a very smart move.

Happy Trading, The Dean

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