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09-May-08
Flattening Out
The market looks like it's setting up for a period of flat lining. From here it will be oil vs market who will blink first. An emergency OPEC meting would seem in order. Furthermore wall street will want to see if any of the relief checks make it into the general economy or will they all get sucked up by gas and food? Tech stocks can shine here as investors look for guaranteed growth but asking for oil to turn over is a double edged sword... the energy stocks will pressure the overall market and there are no longer enough strong sub sectors to keep us afloat. Setting up for a June Swoon? Most likely.
CRNT is the purchase today it culminates a frustrating run I've had with the WIFI plays. I had a limit order in on this the day before it took off and now I'm buying a retrace. Never fun. Sometimes you just have to go market. This will be a big 2nd half story as they are a supplier into the WIFI excitement of late... I totally blew a huge gain in CLWR and settled for a small one got greedy. I'll remove it from the watch list. I sold Cadiz who cares let em bake in the sun bastards. I'm eyeballing a high yield play ALSK and have asked for some more pro guidance on the name. AMAG interests me and small stk VSCI... Off to Ct. The account looks pretty good we have moved into some oil plays and I encourage you all to follow.
BUY NOG NOW1!!!!!~!!!!!
and GEOI the day before yesterday when I did! ~ stoney
Posted at 07:58 in External Blog | Permalink | Comments () | Top
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