OK folks- Since the inception of the blog I have been on a roll. Some of my readers have been raking up huge profits on guidance given here and that's my aim. This year I am working on starting the first real time fund where those invested can watch the fund performance on a daily basis in no secrecy.
This will be the first and I intend on implementing the fund very soon.
Anyways back to the markets. I have a couple of winners as usual but I must tell you there are going to be alot of fake outs happening in the next few weeks so be prepared and stick the the overhaul plan.
Financials are dead here!!!! Buy only after you have won the lottery and want to lose major funds otherwise stay short. Based on this I am going to TRADE CALL : MER short. I know I already have SOV, FNM and Citibank short and the SKF (long)but I think MER will be a good candidate for a short play here to test the $40 mark and if breached I think $36 is very possible before summer's end.
My other TRADE CALL: WFMI short. Whole food is great but the business model will suffer severely in this economic climate. I am looking for this stock to be in teenage land before Year end.
Monday, May 26, 2008
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