All in all, today was a healthy consolidation day. All of the whiners about this market have been regurgitating the same excuses for months on end: low volume, weak macro data, higher interest rates coming yada, yada, yada. I showed you a chart in my previous post that explains the drift higher on low volume is because we are in a vacuum. We have some upside left before I believe we see some tough supply. So, you have to ask yourself, am I a winner, or am I a whiner? Money never sleeps, buddy boy. There is still plenty of coin left to bank.
My top longs are $ETFC, $ZAGG, $HMA, $PSYS and $AIG. I do have cash and will look to put it to use. Here are my top setups for tomorrow.
Well OK then, I’ll probably pick up a few of those. And Jake’s FRG. Uranium Amphibians babee!
Jake has been lightening up on his longs in general, though. Check the PPT.
That’s my FRG!
Sorry Teahouse- didn’t know that. Pretend I could edit my comment…”And Teahouses’s FRG. Uranium amphibians drinking tea babee!” (are you PPT member Teahouse?)
nice, AOL could be a great contrarian Costanza type play, and that chart looks good too
They have a bunch of ex-Google people there. Their strategy is to become more and more local. I would not be surprised to see them buyout $LOCM or $OPEN.