Wednesday, April 1, 2009

Well well well

Tomorrow is the day. We shall see what the FASB votes in the morning before the bell. Control of the market tomorrow is in their hands. I purchased some STT today at the close and added to my CELG position @ $37.80. This is a quality run company which lowered guidance and got absolutely demolished because of it. Demolished I say... down 13.36% but what is weird is that it was only down 0.5% ($0.17) from open to close. But the MACD crossedover it hit its 52 week low today so I would not recommend anyone to buy in unless you have a long term outlook. On the other hand, JPM and MS have been burning up the road and I will prolly bail tomorrow when they announce the change to M2M. And this is carrying the market up right now. 

Portfolio
DO JPM MS STT CELG X FCX

Boy did I miss the CLF train... but this puppy could go higher. If it breaks $19.50ish we could see $20-$21.50 easy.

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