Tuesday, September 9, 2008

Goner

The market looks ill again. Commodities of all types are getting pounded again and the financials are down 2% in the pre market. Tech and chips are also weak.

I was locked out of my office so I'm running behind. I promised some charts but will have to get to it later but some of the names that look weak are:

MEE,APA,APC,CHK,POT,CNX

Possible long candiadtes- SRS,SMN

I won't be active for about a half hour as I want to see how things settle in. I think the bloom falls off the rose though.

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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.