Gotta Love Timmy & Ben
- Posted by UpsideTrader
- on March 29th, 2011
“Making Predictions is tough, especially when it’s about the future”- Yogi Berra
It was another good day on the subscriber site yesterday, as we saw gains in REDF +7%, MCP +5%, FAZ +2%. They were all partial sales, FAZ and MCP were initiated yesterday and REDF a few days back. We took a two point hit on an FFIV short that we initiated near the close Monday, we were stopped right after the open.
$CEPH caught a $73 bid from $VRX tonight, about a $14 premium from today’s close. Nice work if you can get it and congrats to the longs.
I’m watching 1320-1330, if we pop that nut, then we may have another run like a scalded woodchuck. Net long with select shorts such as BAC, AFL and CPLA.
The Bernank & Geithner have provided the ultimate band aid. The beat goes on.
Follow @upsidetraderThe information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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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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