That's my story and I'm sticking to it. We all know nothing goes strait down, so we would be crazy not to take advantage of over sold opportunities to get long. The charts are showing me nothing but great short side opportunities and nothing that appealing from the long side.
The HPQ chart was looking "iffy" at best, even before last nights earnings disappointment ( think DELL) and APC looks like a beautiful short under about $34.70.
Good luck today, I'll be on twitter calling them like I see them.
Showing posts with label hpq. Show all posts
Showing posts with label hpq. Show all posts
Thursday, February 19, 2009
Buying Dips, But Still Shorting Rips
Wednesday, February 18, 2009
The Bulls Have Their Work Cut Out
The indices need to retake the hill if they want to prevent disaster. I threw in HPQ for the radar, the eps were a bit disappointing in after hours trade.
Tuesday, May 13, 2008
No Volume
Yesterday was the lowest volume day of the year and if the bulls want charge the hill, it's times like these when they should try and do it. Futures are up a bit and oil is kind of flat. HPQ is buying EDS and I have to believe that the street will view this as very positive. If M&A activity can come back a bit it sends a positive signal. At the very least technology should respond well.
Stocks I'm watching today
SY- looking for it to finish what it started yesterday
LEAP-over $55,90
ADBE- over $40.60
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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.
