Friday, January 14, 2011

Long Weekend

Maybe when the pundits start putting out ridiculous S&P targets will I start to think about shorting.  The majority on TV all admit that we've gone too far too fast and need a correction.  But, they all agree that correction is a buying opportunity!  So we need to see bit more of a rally before performance anxiety really kicks in and waiting for a correction is abandoned.  Enjoy the 3 day weekend, I will be back on Tuesday. 

6 comments:

Anonymous said...

Sold BRN @ 7.14 (long from 6.50) Cash money OL DAWG

Anonymous said...

DAWG did u cover the eazy e? i would cover it otherwise you might get jacked straight outta compton

Anonymous said...

Covered GMAN @ 15.80 short from average price 17.00 and sold CGA @ 8.08 long from 7.23 OL DAWG

Market Owl said...

Yeah, I covered about half of Easy E. Letting the rest ride for next week.

Anonymous said...

Watch vix, closed well below lower bollinger band.. a few more days it tanks, de ja vu Jan 2010?

Anonymous said...

steve jobs is dying.