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26 Jul
Posted by Sensei @ 4:33 pm on Thursday, July 26th, 2007 in What Sucked Today
Being long. Index funds took a hit, but it was on smaller money. I added to that position today at the close big time…I’m anticipating a bounce and thats all I’m playing for.
RUT - The RUT got spanked again…badly. It has fallen out of favor. The NDX/Nasdaq were the strongest today and I think that is telling us something. RUT out and NASDAQ in. I held my RUT calls overnight. I bought more throughout the day. I’ve averaged down to 13.3. Like I said before, I’m looking for a bounce tomorrow and I’ll look to toss my calls on that bounce. Maybe we close strong tomorrow? It won’t matter, the week is toast already.
I don’t think we are rolling over here and starting a new trend to the downside. I’m looking for a sizeable bounce. Similar to what we saw in Feb 2007, however, this time it will be a time to sell the rally not buy it.
LVLT - Got shalacked today.
ZIXI - Held up
HLIT - Did well. +3% in a super $hitty tape.
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