Nov 22, 2004

Stop hunt

This rally smacks of a stop hunt. Hard to believe that many shorts got in on the one day selloff everyone was looking to buy but that appears to be the case.

NEOL which I mentioned in a post last week is getting a crazy pop on a brokerage upgrade today. Usually worth it to book some profits on a move like this. Keep something for the long run but at least guarantee a positive trade.

No comments:

Post a Comment