So.... I went through the stock screen.... not all of them. I like the long Coal plays(JRCC ICO) they look good, High volume capitulation on the ones I saw. But I'd be nervous about many of them..... I know I'm not as smart as she is, But I'd be cautious that some of the energy are going to catch a short term bid or sideways move..... sort of a Bear Flag. Better to watch for them to start breaking down a little more.
*shrug*
Sunday, August 10, 2008
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2 comments:
I thought the short gold was intriguing on Invivo's list. I have a little short GG and EGO and will hold for now.
I'm not so sure coal has bottomed yet, although they are oversold; it's still a brave call.
there are short coal and long coal on that list.
bearish gold miners are probably still a good play.
She/they could be 100% right, but most of them are short energy.. I'd be careful... and long retail could be a better short term play.
I'd bet.... that with the breakout of High end retail on Friday, that some of the common retail plays will break out next.
Also, with Georgia/Russia still in play... Caution is a good idea on oil.
But we all know that sometimes the market doesn't listen to the news, and Even I noticed some of the energy names on friday had thrown a break down of a Bear flag.
I'll do a chart
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