Tuesday, September 9, 2008

Tomorrow

In violation of my mantra of buying strength and shorting weakness I shorted a little SMN as a spec play in the hope of a bounce in the materials tomorrow.This name has been a money train for me the last week or so. I will give it an hour to find its legs and then I will either cover or let it run. By the way, of the 9 names I put on the blog this morning, the total point return was over 55 points. Not bad work if you can get it. Catch you tomorrow.

1 comments:

Suchen said...

looks like its coming into heavy resistance around the 47.25 area!

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.