Friday, April 18, 2008

SKF

Buying some SKF here for the long haul. @ $100.40

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.

HIGHER HERE

Well as I been saying I expect a bounce as we are in Earnings seasons and now we will get it for sure. This morning we have overnight earnings from Google for the tech and for this motning we have Caterpillar which also beat along with Honeywell. Even expect the laggards as financial to at least get a bounce into the brokers earnings next week. Yes yes yes you will here everyone say the bottom is in etc but it is just a bounce here because of earnings. Lets see how far this bounce takes us and I will be looking at some laggards to play long.