Friday, August 10, 2007

Good Morning World

I dumped ALGN on the open, incurring a small loss. It just does not make sense to be long here, until we get a clearer picture.

I will continue to hold MVIS.

6 comments:

Caffeinated said...

Agree on MVIS, but recommend you dump the Stockalicious. It's toasting everyones blog performance (literally).

I think your commentary is useful during this turmoil. Keep it up Shedder.

Danny said...

DOLBY!

Brent said...

I am hearing Countrywide is stuck with a very significant glut of properties in their portfolio and are going to flood the market in coming months. This party is just getting started.

mdawsz said...

Brent, Fly made a nice move with SRS, that thing could have some more upside juice. I don't know much about it though, maybe I'll look into it.

Brent said...

MDAWSZ,
There will cointinue to be extreme volatility in these names as the Fed does lip service, so I am using the 5 minute chart for short entries on big up days. The market is oversold so I am being careful. In a couple of months we will see another wave to the downside. The probelm is much worse than what is being played in the public and will take years to overcome imo. If I find anything that is ready to fall off a cliff I will post it here at Woody's real time. Have a great weekend. Of course, I am long heavy gold. 70 billion added liquidity by the Fed and that may be conservative. These credit derivatives are imploding like cancer through out the system and the Fed knows it.

Woodshedder said...

Thanks Brent- I appreciate your insight into the RE markets. I've been trying to find something to get short (RE related) that is not already oversold. I can't find anything.