Impressive Reversal–So Far Anyway
- Posted by UpsideTrader
- on July 22nd, 2008
I bet she can short naked. Anyway, I have to say the financials impressed me more than any other time today. With AXP and WB reporting coyote ugly numbers, they shook it off and rallied strong, and they had every chance to implode. That’s strength in my book. I’m not calling a bottom because the day is young but still impressive. I’m having success in the biotech patch today as I caught GENZ from $80 to $81 and having good success with IVGN. I twittered both on the blog. GENG gave back the whole move so I’m keeping an eye on it for a possible re-enter, for now it looks like a false break out. Let’s see if the rally can gather steam as the day goes on. IBB acts great.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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