FSLR

Solars still on fire. I think FSLR will make a good short every soon. I think something like $315-$320 area for a short will carry very good risk reward level. So one to put on your screen. Right now it is screaming but getting very overbought but can remain overbought till that 315-320 area, so that would be a better entry

GOOGLE Update

Google now negative. I dont know what is going on but I am lucky I own puts on it.

GOOGLE

Google was up $9 at the open on some reports that internet clicks were possible up. Now the stock is just up 50 cents after an hour. I am no fortune teller but is might be an obvious sign of how the market is viewing Google before it earnings on thursday. I am not saying to go short because Google is a monster stock but it shows you how sentiment has changed.
My long term target on Google is still $275.

C, Citibank

I was not able to catch Citibank short on this push higher but you all know what I think about citibank and Washington Mutual. Citibank definitely going to $15 area and WM geez is just dead money if you ask me. Market is very surprisingly slow today but i am hoping with fridays' options expiration and the tech weights as Intel, IBM, Ebay and Google reporting this week we will se some volume in here.

Not trying to stick my head out here too much as we get can whiplashed either way.

TRADE CALL :COF May $50 puts

Currently at $5.50 worth a good shot here

symbol COF QJ

NICE

How you guys like SKF now up $16 from call.
How you like FNM in total death spiral now up $5+
How you like SOV. That short is making new lows ever single day, just print profits.
Folks dont invest here you will thank me later for the advice.

I am currently short SOV, FNM, GOOG, AAPL. I did miss a few and have been in and out of the financials short.
We can all think here is a bottom in the market but there is none. we are in a black hole with financials earnings and I dont think we will be out anytime soon. I still think we have a good shot to bounce in this earnings season but after bye bye we going down.

WOW-

People I have no inside information I just have he FORCE. Yesterday was saturday and I posted to the blog about Wachovia, well 5 minutes ago across the wires Wachovia has gotten a capital infusion at $23-$24 per share from outside investors. Two issues with this, 1) it is 15% less than the price of wachovia bank on friday and 2)Obviously the bank has issues if they had to seek out capital to continue smooth operations. Well will see how this goes tomorrow but geez I had to say that was scary I felt something was up and there was.

Have a great upcoming week