Friday, September 08, 2006
Closing Comments
Today's gains, on light volume, did not impress me. Check your charts: Over the last two years, near term tops have occurred during the second week of September. Can it happen again?
In short, next week is pivotal for the markets.
If you are a bull, you have to love the bounce in the Software, Semi's, Internet and even the Homebuilders today.
On the other hand, bears can point to weakness in the Trannies and the collapse of the oils as precursors of a slowing economy.
I bet everyone is wrong and we get more blah (sideways trading action) for another 10 years.
Stockbroker's purgatory-- punishment for the dot com bubble.
As for my holdings:
I was down 2.4% this week-- partly thanks to the fuckers at PALM. At this stage, being up more than 25% for the year, I am trying not to mess up on stupid trades. So, I have started to take on short positions, in an effort to hedge my way to flat.
I covered a lot of my RACK short because I was up around 10%. I just felt like doing it.
As for SIRF, I will be adding to my current short position, until it breaks.
NOTE: To the commenter ("Alpha") who recommended going short VOL on this blog, earlier this week, you rock dude. VOL down more than 15% today!
The following stocks had notable upside moves:
DHIL, PTRY, BKC, PFCB, DRI, RAH, DF, MSSR, IHP, CHCI, DHI, STRS, JOE, TBSI, NL, CRFT, UTIW, ISWI, XNL, STKL, FEEC, MCEL, UHCP, PDRT, CPST, KFX, ICOC, CRIS, FRX, AOB, BOL, GILD, NFLD, DRRX, LCBM, RIGL, EVVV, SNTS, THLD, BSML, NMTI, PRZ, SMBI, DSCO, DSCM, MIVA, DIET, GOAM, EBAY, SOHU, GROW, JUPM, WBSN, VWPT, ONT, PACW, LPTH, CIEN, FTGX, AKAM, ZHNE, ORCT, BGP, DBRN, TGT, JOSB, COH, PVH, BAMM, ANN, NDN, PXLW, WEDX, ADSK, MU, AMD, BTUI, THQI, ATVI, ERTS, CTXS, MVIS, UIS, MFLX, LCRD, STEC, SNDK, CLEC, CTEL, PHI, GRRF, ARDI, TMB, TCN, CTLM, CYCL, IDCC, CPL, MKTX, TWLL, REST, CTCM, ICAD, ABTL, SGXP, CRMH, TWAV, FNET, TPTH, SWHC, HCO, HH, ZTM, RAE, PLM, MEH, CTB, CAE, EFX, FJC, COO, HNT, OEH, SCT, VC, HOTT, MCD, WMT and BKI.
The following stocks had notable downside moves:
SPTN, CMG, FFEX, HOV, CLB, IPII, OSG, NTG, BQI, PLLL, SU, UPL, VLO, TSO, NGAS, XTO, ANR, BRY, BEXP, CAM ,GMXR, AWZ, QTWW, SWN, CRZ, DRQ, EPEX, SII, FDG, NOV, ATW, EGY, PTEN, SLRE, BMD, HOKU, FTO, AOOR, ACI, FPP, HNR, PQ, RRC, DK, GST, ERS, IIIN, CUP, ACAM, NTMD, CERS, CUTR, ACAD, LEXG, VICL, TGLO, EWEB, CNVR, VGZ, AUY, ABX, SA, LTRX, INTV, AIRN, GIGM, APAT, SMDI, ATOC, TIII, ZUMZ, TVIA, LNUX, CTCH, FORM, SLAB, NETL, IMX, GEPT, ACTS, Q, CBB, DDDC, LCCI, TU, MDLK, WTHN, CWCO, LUNA, CLAY, LGTY, AVGN, SHFL, ASHW, PGWC, STRL, NMGC, MRY, KRY, OZN, VOL, AAI, ZQK, NTG, WTI, KWK and CDE.
In short, next week is pivotal for the markets.
If you are a bull, you have to love the bounce in the Software, Semi's, Internet and even the Homebuilders today.
On the other hand, bears can point to weakness in the Trannies and the collapse of the oils as precursors of a slowing economy.
I bet everyone is wrong and we get more blah (sideways trading action) for another 10 years.
Stockbroker's purgatory-- punishment for the dot com bubble.
As for my holdings:
I was down 2.4% this week-- partly thanks to the fuckers at PALM. At this stage, being up more than 25% for the year, I am trying not to mess up on stupid trades. So, I have started to take on short positions, in an effort to hedge my way to flat.
I covered a lot of my RACK short because I was up around 10%. I just felt like doing it.
As for SIRF, I will be adding to my current short position, until it breaks.
NOTE: To the commenter ("Alpha") who recommended going short VOL on this blog, earlier this week, you rock dude. VOL down more than 15% today!
The following stocks had notable upside moves:
DHIL, PTRY, BKC, PFCB, DRI, RAH, DF, MSSR, IHP, CHCI, DHI, STRS, JOE, TBSI, NL, CRFT, UTIW, ISWI, XNL, STKL, FEEC, MCEL, UHCP, PDRT, CPST, KFX, ICOC, CRIS, FRX, AOB, BOL, GILD, NFLD, DRRX, LCBM, RIGL, EVVV, SNTS, THLD, BSML, NMTI, PRZ, SMBI, DSCO, DSCM, MIVA, DIET, GOAM, EBAY, SOHU, GROW, JUPM, WBSN, VWPT, ONT, PACW, LPTH, CIEN, FTGX, AKAM, ZHNE, ORCT, BGP, DBRN, TGT, JOSB, COH, PVH, BAMM, ANN, NDN, PXLW, WEDX, ADSK, MU, AMD, BTUI, THQI, ATVI, ERTS, CTXS, MVIS, UIS, MFLX, LCRD, STEC, SNDK, CLEC, CTEL, PHI, GRRF, ARDI, TMB, TCN, CTLM, CYCL, IDCC, CPL, MKTX, TWLL, REST, CTCM, ICAD, ABTL, SGXP, CRMH, TWAV, FNET, TPTH, SWHC, HCO, HH, ZTM, RAE, PLM, MEH, CTB, CAE, EFX, FJC, COO, HNT, OEH, SCT, VC, HOTT, MCD, WMT and BKI.
The following stocks had notable downside moves:
SPTN, CMG, FFEX, HOV, CLB, IPII, OSG, NTG, BQI, PLLL, SU, UPL, VLO, TSO, NGAS, XTO, ANR, BRY, BEXP, CAM ,GMXR, AWZ, QTWW, SWN, CRZ, DRQ, EPEX, SII, FDG, NOV, ATW, EGY, PTEN, SLRE, BMD, HOKU, FTO, AOOR, ACI, FPP, HNR, PQ, RRC, DK, GST, ERS, IIIN, CUP, ACAM, NTMD, CERS, CUTR, ACAD, LEXG, VICL, TGLO, EWEB, CNVR, VGZ, AUY, ABX, SA, LTRX, INTV, AIRN, GIGM, APAT, SMDI, ATOC, TIII, ZUMZ, TVIA, LNUX, CTCH, FORM, SLAB, NETL, IMX, GEPT, ACTS, Q, CBB, DDDC, LCCI, TU, MDLK, WTHN, CWCO, LUNA, CLAY, LGTY, AVGN, SHFL, ASHW, PGWC, STRL, NMGC, MRY, KRY, OZN, VOL, AAI, ZQK, NTG, WTI, KWK and CDE.
