Friday, July 27, 2007

Oversold Short Covering Rally

It appears we will get an oversold / short covering rally today. My money will still stay on the sidelines. If I were at home, I might try to play the bounce, but at work, it is a recipe for disaster.

However, I'm inclined to believe that it will be time to start initiating some short positions once this rally stalls- probably Monday or Tuesday.

Good luck to those with the intestinal fortitude to trade this volatility.

10 comments:

Caffeinated said...

Data point only: Ansoft (embedded processing and connectivity products) has MOT, Freescale, MVIS as clients.

http://www.ansoft.com/customers/freescale.cfm

Dinosaur Trader said...

Wood,

I see you listed as a contributor over at Fly's... you weekend blogging? If so, should be fun!

I have a weekend blogger as well this weekend. Perhaps you guys can get a cup of coffee or something.

Gotta say though... having a weekend blogger against you and Danny is like going up against Seinfeld on a Thursday night in 1995.

-DT

Woodshedder said...

DT- your giving us a lot of credit where none is probably deserved. I guess I should speak for myself though.

However, I'm sure it will be entertaining, at least.

Hope your banking massive coin today.

Cafe- good find. The plot thickens.

Woodshedder said...

DT- I also am hearing rumors that Howard L might be joining us.

Caffeinated said...

The press should be alerted to this stuff. It all smells like Fly is making a move toward syndication.

Another Brian said...

Wood;
you sold any MVIS?

Woodshedder said...

A brian- I sold only 1K in my personal account. Still have 5K.

mdawsz said...

wood have you noticed how stockalicious is constantly making it difficult for our blogs to load properly. I am getting tired of it and seriously considering dumping it. Let me know what you're thinking and if you've noticed it.

Woodshedder said...

I have noticed it. If I ever get covestor running the way I want, I might switch to their widget.

The reason I have booted stockalicious is I have a feeling it is run by a bunch of young stoners, and I don't want to kill their buzz.

mdawsz said...

Funny!