This mornings short list quickly became a long list with the exception of the financials. Incredibly tricky and volatile in here. Oil can't makes up its mind and the basic materials are all over the place. I predict a crazy afternoon and I will be closely watching oil, because that is still the "tell". The financials are getting abused and deservedly so. Too much too soon there.
I'm long GILD and hoping for a retest and break of $57, but it needs volume
Tuesday, August 12, 2008
Lunch
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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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