It's Good to be an Optimist

  • Posted by
  • on April 1st, 2008

Last night when I posted again on Apple, I had no idea we would be juiced like we are today.

I did feel that Apple should we lower based on the market and since it was not lower, it could just keep chugging.

My main three tech positions are rocking today…Amazon, Google and Apple. The one I should own but don’t, Salesforce.com (CRM) is rocking too.

I am shmeissed in Gold, but was a nice seller of chunks at Gold $1,000. GLD, PAAS, SLW and GOLD are stocks that I will buy back. I thought a few weeks ago on the blog and Twitter that $800 was a possibility. Tomorrow I may start buying already.

I am tempted to sell, but I am so light and have no inverse ETF’s. I think the bulls remain in charge for a while as the shorts have really pushed their luck and don’t know how to manage their wins as a group. They panic faster than long players.

Elsewhere Slar stocks NEOG, DSCP, PPO are pretty much all I own right now. There should be many breakouts tonight and I will add a few I think. I was looking at this weekend’s Investor’s Business Daily and saw lot’s of fresh names (mostly oil related) on the list. The few non oil stocks were medical and biotech and small tech. I will look to nibble on a few ideas.

Tell me your new all-time high faves. On the road to Vegas for the Mobile/Handheld show.

If the US dollar really rallies against the EURO, that does not change the inflation, oil or gold picture because if you were in the EURO trade you have been right for the wrong reasons, Obviously being right is good so don’t get me wrong, but I don’t believe in that strength. It’s all relative.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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