Wednesday, June 18, 2008

Tough Open

MS failed to impress on their earnings report and I got short at $39.50. I am carrying shorts in LEH,WB and UYG into today and am hoping the financials just get crushed. It seems like commodities are the hot group again and oil is moving up. Solar stocks are mixed but they could be interesting later if oil misbehaves again.

Longs I am in or watching today: CHK,ATLS,FCX,DGP
Shorts I am in or watching today: MS,UYG,MER.LEH,WB


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.