With the theme of, "if you can't beat 'em, join 'em", I offer up another bullish suggestion.
Slope of Hope Blog Posts
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Longs and Stops
I am pretty happy with my longs, even with the big push up today, so I'm hanging on to all of them. I am adding these, with these respective stops.
BHI 25.68
CAG 13.99
CX 3.93
DCM 13.25
DOW 5.88
ELON 5.12
MCHP 17.54
TWX 6.94
WFR 12.99
Wednesday Revisited
Not a good day for me so far! The enthusiasm for the Geithner plan is running rampant, and the /ES is threatening the 800 level again. I'm actually going to buy about ten good-looking longs, but on a day like this, short opportunities are sometimes better "buys" at these elevated levels. Here are a few ideas. (Side note: being on vacation this week, posts will be less frequent).
Triple-Top or Breakout Coming?
The /ES has been strong ever since trading started Sunday evening. The principal question is whether or not we'll push past 801.50 or lose momentum from here. As I've been saying frequently recently, looking at individual stocks, I am finding ten great shorts for every decent long, so it's still very hard for me to conceive, on a bottom-to-top examination, where the strength could come from (although, ironically, I think one more bout of weakness could make a lot of financials very compelling buys, in addition to semiconductors, which are the best sector I've seen so far).
