Tuesday, February 19, 2008

Gap and crap, now what?

Soaring commodities gave bulls a preview of how the market would look like should there be a raging inflation. Too bad that a few of my positions were in the wrong sectors at the wrong time (stopped out for DVN, MON and POT for small losses thanks to small token positions used), but still holding AAPL for 118/120 (am I trying to squeeze the blood out of a stone or what?). Bulls have to feel deflated at the end of the day, but looks like HPQ might give them another shot in the arms tomorrow at open. Since big boys are still siting tight (not necessary pretty) on their fat asses, why shouldn't we?

4 comments:

Razor said...

the market still has to fill 12230. hpq just gave me another reason to own nvda....

flyingwabbit said...

razor:
boy, are you DEAD serious about bottom-fishing or what :P Hopefully the market won't tank here or it might test 19/MA200 before any meaningful rebound.

Yuriy said...

Perfect call on RIMM - 109.20 today

flyingwabbit said...

Yuriy:
Thanks! too bad I was too greedy yesterday wishing to get in as close to 90 as possible, oh well...