Friday, August 10, 2007
Will We Rally?
This is a tough call.
I do not believe intelligent investors want to stay long, going into the weekend. As you know, Monday morning can spell doom for the planet, via sub prime loans.
However, there is meaningful strength in tech and select basic material stocks. In short, I feel comfortable being short the homebuilder/financials, while being long beaten down basic material stocks and tech.
This is not the time to put your balls on the cutting board.
I do not believe intelligent investors want to stay long, going into the weekend. As you know, Monday morning can spell doom for the planet, via sub prime loans.
However, there is meaningful strength in tech and select basic material stocks. In short, I feel comfortable being short the homebuilder/financials, while being long beaten down basic material stocks and tech.
This is not the time to put your balls on the cutting board.
Comments:
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Anyone want to venture a guess as to why TFX is up 14 points?
Think some of these wild moves could be funds having to cover short positions to raise liquidity?
-DT
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Think some of these wild moves could be funds having to cover short positions to raise liquidity?
-DT
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