Wednesday, October 18, 2006

 

Quick Alert: Big Reversal

It looks like a blow off top. Bulls are completely fucked today, sorry.

UPDATE: The bulls are trying desperately to not-be-fucked. However, with the Trannies and SOX deep in the red, I doubt they will succeed.

NOTE: The Mets and the Yankees are paper tigers. Whereas, the Tigers are tigers.

Comments:
is it time to revive the notion of long energy/short tech in some form? E.g., citigroup came out today recommending about every solar stock i ever heard of with 50% upsides all around. raise the money by selling semiequip/semis.

regardless, you have any view on the citi report?
 
I can't get behind a short tech/long oil trade.

Reason being: The market has not faultered, yet. Also, the oil trade has been too volatile.
 
Hey Broker-

I know you fourght the fight trying to short rack- but I never did what do you think about shorting or buying the nov 30 puts now-? Thanks for your time-
 
I am nervous about shorting RACK. With strong numbers from IBM, hardware may be in an unusual uptick.

Plus, I hear rumblings that RACK will post a good number.

I'd avoid shorting.
 
thanks i WASN'T MOVING TILL I HEARD FROM U AND I FORGOT ALL ABOUT IBM, TRUE AND NO GO THANKS
 
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