Long term trade
As everything Tech is getting beaten, right now.... and that it's my broader thesis that Tech has another leg down....
Based on the Costanza trade.... I think short term there could be an uptrend to the 47 level over the next few weeks.
Maybe bank earnings will trump the bad tech news.... Maybe I'm wrong.
My mojo says at the 47 level it's short-able.... with scc(retail ultrashort)
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
Monday, July 21, 2008
The Q's
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