Friday, November 17, 2006
Once again, the semi's ramped and I decided to roll some dice on beaten down SIRI derivative SMDI. Also, it's worth noting, many micro-small cap stocks are exploding to the upside. I can't help but worry: Is the end near?
Clearly, the momentum is in the buyers court. Additionally, the private equity assholes are constantly on the prowl and seasonality dictates stocks should trade up. I hope it will be that simple-- considering I have hardly any hedges in place.
As for me:
I lost about 1% this week, despite monster moves in CORS and RIMM (both positions of mine). However, I remain arrogantly confident that I will knock the fucking cover off the ball by Christmas. If a gun were put to my head, in order to extract a stock pick, I'd say buy SNDK.
Have a great weekend.
Links to this post: