Got Long and Into Some Things

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June 13, 2008

Bought:
Indexes – NDX and RUT heavy eod, but put on a half position this morning that actually turned out profitable because the market closed even higher. Its quite amazing to me that the market closed up strong on a Friday, considering how terrible the market has acted lately, buyers could have walked away and let this thing get even more oversold.

UYG near the close. Financials look like they are going to put in a wicked bounce.

CPST early during this mornings pop. My “baby” ain’t running without me on board. Their new orders that they have been racking up for the last several months are reflected in their backlog which was up over 450% year over year. After seeing that CPST wasn’t selling off due to earnings I jumped in @ 3.59.




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