If oil can continue its giveback I don't want to be on the long side of any solar stock. Getting vertigo just thinking about the downside. Watch $250 for a short on FSLR. They are really starting to look like 2000 tech bubble stocks to me. This is when "market not held" orders are put in by the institutions. Translation-"get me the f@%k out." On the run, be back later. Still short UYG and XOM.
Tuesday, May 27, 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.
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