Yesterday was the lowest volume day of the year and if the bulls want charge the hill, it's times like these when they should try and do it. Futures are up a bit and oil is kind of flat. HPQ is buying EDS and I have to believe that the street will view this as very positive. If M&A activity can come back a bit it sends a positive signal. At the very least technology should respond well.
Stocks I'm watching today
SY- looking for it to finish what it started yesterday
LEAP-over $55,90
ADBE- over $40.60
Tuesday, May 13, 2008
No Volume
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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:
what's your target on SY....$35 short term?
if it can ever get through $30 like it means it, i think 32-33
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