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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (13843)	4/29/2008 4:53:35 PM
From: Peter V	Read Replies (1) \| Respond to of 19257

Thanks. I needed affirmation. <g> Part of this is a bet on tomorrow's FOMC, which I'm hoping will leave rates unchanged, to the disappointment of the market. Apparel retailers up nearly 10 percent in the last 5 days, I'm hoping tomorrow's announcement will kill the rally. (probably not the best strategy based on past history of the FOMC, maybe they will cut a full point) finance.yahoo.com The other part is a bet on URBN's May earnings, which I'm hoping will be weak enough to knock this overpriced stock down a bit. I'm also hoping I'm early enough so the "earnings premium" we saw in AMZN won't kill the options when earnings are announced. The problem with this strategy is betting on the darling of the apparel retailers. I should be picking on the sick and weak instead of the strong. But hey, it's a challenge.