Bottom’s here yet???????? 4 recos and performance.
It’s been raining for a few days here in California. Its been raining bears all over the market for the few days. Rain stopped today and the loox like we have some short covering going into the close today??
Any resemblance LOL so funny No No sdon’t start thinking abt the resemblance…therez none….I was just kidding LOL
OK seriously does this small short covering mean anything??? Does it mean we can at last feel relieved from the pain?
We don’t think so.
Though let me put up some interesting calls from the other two members of www.YOURADU.wordpress.com
Derek, thinks its buy time for materials…RIO was his reco and he says now is the time for another trade if you missed out on the last one. Triple Bottom formed in the last three months. Put a stop at $30 though.
James says buy something on the technology, we hold Netsuite the new baby and NZ – Netezza. We doubled our small position in Netsuite today after the break out started today…around $28.6. Credit goes to James. He said…” You remember the first day when it traded around 25 -26 whole day when we bought and then jumped right over towards the end?” Hopefully his thesis works out and we get our lost profits back. Otherwise, I promise you all I’ll kick him in his own cubicle.
Our initial buy of Netsuite was around $26 and now same amount of shares at $28.6 (you can see that trade on a day chart 😉 ). It’s a small number of shares though and that’s the maximum we have allocated to N.
Lastly my call on MPEL….I want to say WHAT THE MPEL? That was one heck of a jump late in the day. You remember our buy point right? We are right back (almost) there. Look at those huge buy order coming at the end of the day. I think I don’t need to do all that bla bla again …that green volume in the last 2 hours of around 2 Million shares speak it 😉
Last but not the least…. we think if you want to do some day traes on the long side tomorrow should be good after that report from Alcoa we think tomorrow will be a good high day…though it might evaporate to about a half of what it starts by the end of the day.
Good Luck Swinging,