This Mornings Movements

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April 24, 2009

From last night, “I’m taking a shot here being heavy long. We are going to see the market cap off and do one more nice short squeeze. This will likely setup a nice reversal in the market over the next 3 weeks once they blow out shorts.”

I sold those longs this morning in all 3: $SPX, $RUT, $NDX. The market is higher right now, but I didn’t want to risk the gains. I think it was 3%.

I sold CSIQ (0%) and SPWRA (-5%). Replaced them and bought DIG, ERX, JRCC, MGM, and CX.

RUTH moved too far too fast for me as I rolled out of bed at 9:55. LVLT still looks promising as cheap flyer.
URRE has also moved beyond my interest, but that and RUTH were huge opportunities.




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