I had MOO out as a short at $59 about a week ago and it was a name I didn't cover on Friday as I think the bloom is starting to come off the rose-at least short term. I think the group is in a secular bull market and the sticky money will probably still hold the name, but the fast money is running here as the trade is crowded.
Sunday, March 9, 2008
MOO Update
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About Me
- upsidetrader
- 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.
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