Archive for November, 2008
Good News And Bad News…
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To all our readers/traders, we wish you Happy Thanksgiving and Season Greetings. Have a safe and wonderful holiday season.
Bad News: Now some bad news. [...]
Stock Trade Update: Short More GS
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Goldman Sachs (GS) is up over 25 bucks in the last 3 days to my ideal short price (75). It is begging to be shorted here. How can you not short (GS) at this price? Its hard for me not to short this one over here.
Bought 50 GS Jan 50 Puts @ $3.75 (total: 100 [...]
Stock Trade Update: Short ICE And PCLN
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I’m really getting spooky by this low volume rally into the resistance areas. Now I’m completely loaded with the shorts in my portfolios. Whatever moves the market makes this week I’m going to just ignore that because of low volume activity during this holiday week. So we have to wait for December to see what [...]
Stock Trade Update: Short RIMM
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As I have noted before, these tech stocks are out of sync with this uptrend in the market. Take a look at (AAPL), (GOOG), (BIDU) and (RIMM). Over the last 2 days, the markets have rallied hard but Nasdaq ($COMPQ) doesn’t seem to get off its butt and participate in the rally. This tells me [...]
Keeping It Low Today
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There is nothing much happening in the market right now. While I was away this morning, the market did gap up but I wasn’t concerned much about it. I’m still wondering why President-elect Obama is coming out everyday to name names of his economic committee. Also what’s wrong with the US government coming up with [...]
