After the day we had yesterday, I find myself wanting to go long something, anything. I decided to go with one of Uncle Howard’s plays, AMZN. I believe this rally will hold for today, no way we go in a straight line back to the lows.
My long C, short LM seems to be working just fine, and I will continue to watch the banks for a tell on the market.
I bet Tim Sykes is having a filed day the last few weeks. I’m noticing many penny stocks exploding, some over 200%. The PPT has been all over XING, just take a look at that one the last few days. How about FRZ, ready ice, up over 30% today.
This continues to be a traders market, just make sure you don’t overstay your welcome.
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