Thursday, April 24, 2008

WOW

Wow I was so correct here guys. Wrote last night that I think we can push higher and bam we are a couple of points away from 13000. Geez I was outside doing yard work I could have made the kachingos mega today, oh well, you can't get them all. Alot of stuff are running higher here and this is great, this is going to set up some wonderful plays.
SOV is now below $7, what a call is that geez!.
With this amazing move stocks like Bidu is flat, FSLR is down, agros weak, which tells me rotation is going on in this rally as I mentioned last week. Last week I said watch out for rotation as the high flyers are getting stretched and people will move out of them into the beaten down financials and tech etc. That's how you play the market folks, I have no special powers I just know the movements which are obvious to most.
Now I will tell you this after earnings season we will rack up especially in the summer with some short side plays, just watch and see. I notice the rotation into financials here, it is just that and nothing else, big money aint investing in them here. FNM at $30 is another free money play on the short side and Citibank.

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