iBankCoin
Joined Jan 27, 2008
6,863 Blog Posts

YTEC: Long Idea

[[YTEC]]

A fresh all-time high, watch for continued strength tomorrow. Get out below $18

ytec.jpg

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Happy Mardi Gras

to the bears! I must say, for being down nearly 400 points, it didn’t feel that way. While it’s true, many stocks took the homo hammer of death today, some escaped with minor bruises.

I’m amazed that I ended up positive in today’s tape. I had some help form Fly’s friend [[SKF]], as I took a hefty position at the open. I also made some nice coin shorting [[GRMN]], but my biggest winner of the day was in my [[PBR]] puts.

I’m hesitant to list my short plays, as many investors only play the long side. I do realize some of my readers appreciate the bearish plays, so I may post a few bearish charts in a section called breakdowns (you can thank buylo for the idea).

Take a look at new 52-week highs.

Note: [[VMW]] is speaking, is anybody listening?

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VMW: Bought @ $59.05

Buying Strength in a weak market.

I think [[VMW]] may have bottomed, it’s up a dollar in a bad tape– somebody is buying. I want to be long this name, longer-term hold.

Note: If you want to participate in solar fun, [[YGE]] is your play. It is showing amazing strength compared to the rest of the group.

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