I will be looking at getting short financials on bounces, AIG, UYG. The dollar is lower and oil is up, and so far the ag. plays and energy stocks are strong. In the ag. patch I will be looking at POT,MOS for opportunities. I think retail really needs to be shorted as the bloom has come off the rose there, AGAIN. The names there are RTH, TGT,WMT. Only on bounces, don't chase them. MEE priced their secondary at $61.50, I think it's a safe short to at least that level
I will be on twitter all day
Thursday, August 7, 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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