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@yahoogroups.com
> 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@yahoogroups.com
> [
mailto:realtraders@yahoogroups.com] On
> Behalf Of Jim
White
> Sent: Tuesday, December 18, 2007 10:30 AM
> To:
realtraders@yahoogroups.com
> 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
>
>
>