So far August is living up to her reputation. The Dow has now tapped my key support level of 11,100. Currently I’m using my August watch list as a contrarian indicator.
More importantly, on a day like this I’m using this screen- (1) stocks on the rebound that (2) are not profit-taking victims. So far I found DLX and HANS. I’ll be covering my short on HANS today to avoid a pre-earnings runup. Then I might revisit it again. I don’t know, stock looks unusually strong (ie, it shouldn’t be). Anyway, I’ll post some charts at close of bell.
Once again my day trading is going haywire. I’m a little upset for selling my position in SCT yesterday (now up +60%). I also covered my position in TIE because a friend of mine went long (friends before money… it kind of sucks when one person rejoices while the other one sobs; as a friend, I told him my sentiment on TIE the stock which is NEUTRAL, but he still believes in TIE the company. Anyway, go TIE!)
Joined Jul 30, 2008
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