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:
Data point only: Ansoft (embedded processing and connectivity products) has MOT, Freescale, MVIS as clients.
http://www.ansoft.com/customers/freescale.cfm
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
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.
DT- I also am hearing rumors that Howard L might be joining us.
The press should be alerted to this stuff. It all smells like Fly is making a move toward syndication.
Wood;
you sold any MVIS?
A brian- I sold only 1K in my personal account. Still have 5K.
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.
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.
Funny!
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