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I won't fight the Christmas trend and particularly not when we are
already down where we are now. The steam will run out on the
sub-prime mess soon as bears have already made the most of it.
SOLF presented an excellent buying opportunity today. After their
blow out quarter, the average estimate for next year has been raised to
nearly $7.00 a share. With a nominal PE of 15, that's a $100 stock
in 2008. I'm personally holding 2K for next year plus another 2K in
a family account and I'm also trading it on dips.
I've also taken a position in GS at under 200 which is a gift IMO and
YHOO looks very interesting at current levels, both from a technical
viewpoint and from a fundamental buy out possibility.
Good trading
Bob
At 01:39 PM 12/18/2007, you wrote:
hello earl
I went long at 1450
bought the 1445 put for jan
will sell my long tomorrow at 1465-1475
and
enter my shorts
Ben
----- Original Message -----
From: EAdamy
Date: Tuesday, December 18, 2007 12:39 pm
Subject: RE: [RT] near a bottom
To: realtraders@xxxxxxxxxxxxxxx
> I have enough signs that the down trend is long in tooth that
> I'm looking
> for the SnP to reverse once it closes that gap at 1429.44 which
> appears to
> be acting as a magnet. I put on an SnP short near this morning's
> highs and
> will be very quick to cover near that gap.
>
> Earl
>
> _____
>
> From: realtraders@xxxxxxxxxxxxxxx
>
[
mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of Jim White
> Sent: Tuesday, December 18, 2007 10:30 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] near a bottom
>
>
>
>
> We are nearing a bottom in all major indices - in fact the
> Russell (IWM) and
> NASDAQ (QQQQ) have reached the level to expect a reversal. The
> dow level is
> 12953 (DIA = 130) and S&P level 1426 (SPY = 143). Expect NAZ and
> Russell to
> lead.
> Jim White
> Pivot Research & Trading Co.
> PivotTrader.com
>
>
>
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