Tuesday, April 22, 2008

A Stock Pickers Day

I did well today with my own four horseman that I mentioned in the morning blog. FCX and PCU gapped a bit but I caught some entries mid morning. POT was a monster even though the rest of the group chopped and USO was in a nice upward trend until about 2 pm. Has anyone checked out BLK? It's down about 30 points from my original short two weeks ago. Wish I held that one longer.

AAPL and RIMM got knocked around and the chips got spanked because of the TXN report yesterday. BRCM is up a buck in the after market on a decent number. The financials dragged all day and I may take a look at BAC over the next few days for a trade. The stock yields about 7% here and I think that should give some decent protection on the downside, even for a day or short term trade.

If this dollar of ours can catch any king of sustained rally it will be party time shorting oil, gold and all the other fun stuff, In the meantime, shippers exploded with DRYS and EXM cayching some major short covering.


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.