http://www.stockrake.com

I made alot of swaps in favor of either higher beta or what I perceived as an imminent opportunity. I sold out of things like PTNR and SMED due to low movement. However, I’m considering getting back into SMED. I just like the business and with the healthcare bill a company like SMED is going to be gushing business. However, the most important item in any of this, is that its on a buy on my signals. The fundamental story is always an addon for me and not the first thing I look at as a reason to be in.

I own:
CZZ, ABAT, BZH, LSCC, NUAN, PBR, ROYL, MS calls, AXL, C, C calls, MIPS, M calls, CMG, CYBS, DPTR, FCS, PLM

I am in cash in my index positions, but plan to buy back long on a down day this week, if it appears.

Too many things look good for the long side, but we are nearing a reversal point. I know this when I look at how oversold inverse etfs get. Its not there now, so the market has a lot of room to the upside before the situation gets critical. So one more breakout type week could easily do it. There was also confirmation in the breakouts of the RUT, SPX, and COMPX in some of the indicators I track. This tells me that if we get a pullback it should be bought. Many negative divergences that were the bear’s cornerstone theory for being short were smashed to smithereens.

I’ve got a list of some new value plays that I’ll probably post tomorrow. Stay tuned to the twitter feed as I might be buying some tomorrow.

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