The Plan Is Easy, Stay Long Till You Have A Reason Not To / Stock Rake

The Plan Is Easy, Stay Long Till You Have A Reason Not To

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January 9, 2010

I’m long staying there until I have a reason to manage that long trade. It appears it could be close at hand though. One more week maybe. The sectors that I’m seeing get some fresh heat are:
Dry Bulk Shippers, Refiners, Insurance, Banks (big time), Alternative Energy, Gold/Miners, Cheap biotechs, China Internet stocks, and a few more.

I’m looking to drop the high beta junk and move to more stable capitalization stocks. Surprisingly I noticed the beginnings of some stocks not following bullish patterns today. However, next week will tell a better story on that matter.

If not mentioned here assume I sold it:
EGLE long the March 5 calls, FRG, FUQI, BCS, PRGN, MIPS, back in ZOLT calls (alt energy sector), back in DPTR, trimmed more CZZ, and loads of cash. Still long the NDX, and RUT

I hope this market continues to be easy to trade.