I'm not so sure shorting this market is too wise.
Every bad trade I made today was a short, but made mega bucks on my longs like SPWX, MCDT, PIII and little ol' HPOW QP play.
When the fat cats arrive back rested and relaxed, sitting on a happy SPX and DOW, perhaps they won't have their teeth gnashing sneers over the Nasdaq's successes. Their precious egos in tact since the DOW hit new highs.
Since the Naz is still well below it's highs, they might want to let it run. Perhaps they may give it a week or so.
I seem to remember the talking heads saying that the techs would pick up when Greenspan quit raising rates.
Plenty of stocks are still hugely below their highs.
If they continue to throw the retail babies out with the bathwater, I'm going to take a fairly large position in BBBY, and old fav of mine, who has NEVER let me down in times like this.
I'm also watching EBAY like a hawk. This company has moved with the times. Visa, Master Card payments available, real estate, she's a household word. She may not be cheap in the true sense of the word, but Christmas is a comin'.
EBAY, I want some $$ for Christmas <g>
Fred |
