Friday, April 18, 2008

Simply Amazing

How can you buy a stock with no earnings. Citibank is been bidding up pre market after they posted a bigger than expected loss. Can these eople add or subtract. Oh well maybe they can and I am wrong since they earns millions while making their clients lose.
Watch for the ags and oil stock here carefully, if and I say 'IF' market believes financials and tech have bottomed then there will be rotation out of the Oil and agro stocks which have been on fire.

Stay nimple here and play option if you can so you have a defined risk.

Yahoo calls I will be rolling out of the April $25 at basically even at the open and purchasing the May $25 as I still believe Microsoft will pay up for Yahoo. The thing with these plays you have to be patient.

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