Today's Selloff…Buying Again, but not with Enthusiasm…Looking at Short Ideas
- Posted by Howard
- on December 12th, 2007
I just bought back SPY at $147.65 but just small compared to yesterday. My sells this morning (blogged them) in the $149′s and $151′s look awesome.
The financials are just cooked and they are so heavy in the indexes that the damage looks worse than it is.
I have to say thought that I am looking st shorting some weak stocks that lack price protection and rely on the US economy. First time in a few years that I really care to waste my time on that.
Disclosure- Long SPY for a trade, short Akamai
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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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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