Bob,
What call did you short?
If it was the 7.5's, and you shorted early, congrats....if you are short now, I would be covering. My guess is that SIII has bottomed...a test of 8 would'nt surprise, but I am looking at a candelstick that is telling me we are heading higher. This whole Hong Kong thing IMO is way overblown and gave the STREET a reason to accumulate big name issues. Look at the big boys like INTC, CSCO, COMS, DELL, CPQ, and the rest, if you didn't get in them, you had a great opportunity to do so. I think that the public sold this market down and the institutions are busy right now buying it up. When the prices are all back where they were, they will tell us it is time to buy again and the cycle continues.
Regards,
Rob
PS Good luck either case, it makes for good chat. |
