I see todays action as an effort by the market to vindicate the turnips (VBG), they were calling for a bottom today or tomorrow, so they do not look too stupid, the Dow is making its way down (VVBG). I am not worried (maybe I should), I think we are at the end part of this decline and the Dow will soon put together a string of 5-7 days winners getting it pretty close to the all time high, just before that we should get another acrophobic spell, and then I do not know for sure, I'll have to see how much of an extreme in sentiments develop during that next phase.
Zeev
PS, I was enable to report in "real time" my sale of RDRT around 1:00 PM, I have been on a long conference call and late lunch, and only now saw the execution, at $10-1/16 (zut, I could have gottne more...). In ant event, that was another satisfactory trade with this one since I bought at $8-13/16. This stock is getting better than the bu$$ as a trading vehicle. If the decline here today continues, I might be able to get back in in the $9 to $9.25 range. |
