It was a phenomenal day as commodities crashed all around me. I was short the usual suspects, USO and GLD. I covered both at great prices. The jobs # is in the morning so I wanted to be flat. There are some groups that are getting oversold and some that are getting overbought. Tomorrow is another day. I'll be back early in the morning. Good night all.
Thursday, May 1, 2008
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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.
2 comments:
Upside,
Really enjoy reading your blog. Great insights to the market.
Continued success!
Nice call last Saturday. Hope your eye is ok. ("Sorry Nancy, I forgot to duck" - Ronald Reagan). Can you share your thoughts on the SKF this morning? Also, would stronger or weaker jobs report (vs. -75,000) help/hurt SKF?
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