Thursday, August 09, 2007


Volatile session so far. Bears are in control but one cannot rule out a reverse to the upside. Slowly adding some SLV and QLD here. UNG looks good as natural gas makes a nice run. Despite the downslide today,quite a few of my positions are doing very nicely including SNDK MU HANS SBUX FFIV BWLD AKAM MMS. Makes me believe a reverse is quite possible since its financials that are bearing the brunt of the downside action. This credit anxiety is going to be relieved courtesy of the Fed via liquidity injections into the market.

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