Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, November 12, 2007

The morning smell

I'm looking for weakness in oil and gold this week... and bottom picking this stuff on a good panic....

I don't want to talk about oil till it's 85 bucks... and I'm defiantly a buyer at 78, with all the recent speculations, I'm looking for crowded exits for it as a buy signal... Like down 10 bucks in a day.

But..

I may be smelling some weakness in some mining/materials names. I may pick up some mining stocks....

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