Tuesday, April 01, 2008

No country for the April bears?

Not sure why bulls picked today as the date to get serious, but they sure did mean business. Somehow I sense this very intense, genuine, and almost uncontrollable bullish urge, it feels so inevitable and self-evident, that I start to suspect on, hmm, I don't know. Maybe I should follow what Livingston often says, that you just have to bet to find out if you are right or wrong. Yeah, maybe I would...

Short candidates: V, SPWR, STP, FSLR, RCL
Long candidate: SGR

I guess the market will consolidate until Friday when bears and bulls battle out the job report.

2 comments:

flyingwabbit said...

Shorted FSLR at 249.8 (stop just above 253), STP at 44.48 (stop just above 46), V at 61.78 (stop just above 65), and feeling nutty....

flyingwabbit said...

just stopped out on STP, somehow did not check for today's news on STP, indeed a nutty move. also covered half FSLR at 245.22.