Monday, July 14, 2008

Tug Of War

The morning squeeze appears over for now. The financials flexed a bit but as I thought, pulled in. I caught UYG and BAC for two great shorts and I am trying my best this morning to twitter my moves. I am using any rallies in the financials to short. These companies are a mess and don't even have a valid revenue model absent their sub prime products. This could end badly today as the market looks very heavy to me. Tight stops always.


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.