Mkt can't seem to muster anything to the upside, after trying a couple times. It is range bound so far. Keep an eye on the BKX, as the 119 level is going to be key to get above if we are going to get a real rally. I am very cautious here, and have bought some QID and SDS as protection against further declines. Having said that, I have orders to buy LVLT near 6, and have bought some MRVL at 18. Other than that, I am keeping my powder dry for the next opportunity, which may come mid week or later.
Did double my position in WCI, which I have previous mentioned in this post. Announced that they have hired GS to help them look at options, including the sale of the company.
skip to main |
skip to sidebar
Sites I Read and Recommend
About Me
- Greg Stipe
- Prior to founding ChannelForce in 1993, Greg was a professional trader for 14 years, He held trading positions with the Pillsbury Company, U.S. Commodities and most recently at First Interstate Bank in Los Angeles. In addition to trading, Greg runs TRAC 3, an executive coaching business.
No comments:
Post a Comment