Monday, January 28, 2008

The Bulls Showed Up

The NDX still didn't confirm the rally in the DOW and S@P but I will give it an A for effort.GNK traded like the drek I thought it would. Damm, I meant to put CREE on last night but had some technical issues and thats why the charts were coming out piecemeal. I posted about it a week ago so take a look. I think $34-38 is in the cards over the next couple of weeks. Nice chart,nice volume and a perpetual takeover candidate. Traded it today and will revisit tomorrow,it's do for a breather.The financials led the way, maybe in anticipation of a 50 BP cut fron Big Ben on Wednesday. Boy, did they take MELI to the woodchipper today


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.