Sunday, March 23, 2008

Short for the Radar-PCU

PCU- I expect this one to seriously fail in the coming days and weeks. It may muster a rally back to the 200 day ma which is around $107. At this stage I would expect a weak volume rally and then a big volume move down. Target $80-85. The dollar is going to keep rallying in my view.
I made a few points short on this at the open on Thursday and am glad it rallied a bit. Will be reloading the short and watching the action on Monday


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.