Wednesday, November 14, 2007

Taking advantage of the bounce


After bungee-jumping lower for the last few weeks, the overall market and especially the financials appear to be ready for a decent relief rally.

This morning all shorts are history; buying QLD, and UWM at the open, plus a large slug of BSC...Bear Stearns, a company that I totally despise, but I figure it could be a nice bouncer.

Next, if I have decent profits I will take them...I left way too much on the table yesterday...hopefully I am learning though.

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