What a wild morning session it was. I've been nailing some beauties over on twitter if you have had the time to take a look. The big twitter winners so far were long SMN for over a buck and short on UYG at $25 and a short on RIMM AT $101.86 which dropped almost $3 pretty quick. Trying my best to throw some flow out there.
Well the commodity rally didn't last long and tech is getting pounded. The financials seem to be holding this market up. Should they fail--watch out below. The afternoon in my opinion will tell the tale as to where this market wants to go short term.
P.S. I received a bunch of e-mails from readers who can't see the "upsidereads" section over to the right. It works fine on Firefox but folks with internet explorer(IE7) are having problems opening it. If there are any "techies" out there that can give me some advice, just shoot me an e-mail. You should all download firefox anyway-kicks exploreres ass.
Good Luck
Upside
Monday, September 8, 2008
The Calm Before The Storm?
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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.
4 comments:
Upside Reads show up using Google browser as well...
what are your thoughts on the AG stocks for tomorrow? thanks
maybe a bounce- i bot CF small at the close to hold overnight -it was down 15 at one point today- i hate them but they could bounce
sb
thanks-so it was a complete disaster---lol
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