Citi is the next on the list to get bought out, or at least that's the rumor. Futures are up as we grab an over sold bounce. The bottom callers should be out in force today and as usual I will put them on mute. Sure we can bounce, but will it hold? I would feel better about the market if we can trade sideways a bit and then grab the low 6000's. I am still very much in the camp that will sell/short any rally.
Friday, November 21, 2008
T.G.I.F
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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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