Monday, August 9, 2010

Update: Forgetaboutit!

Enough already! Double-Dip, Lickety Split! We continue to buy. The media, most advisers, and weekend traders continue to be bearish. Good grief! They have been short and shorting since Dow 9700. We are now 1000 pts. higher and I still get the emails and texts doubting the rally. I say FORGETABOUTIT! What the economists and amatures don't get is that earnings are going up. What does that mean? Earnings go up thus companies do better thus they higher more employees. What's the problem? The problem is: Wall Street is still under invested and the pros are loading the boat (like us). We continue to trade to around Dow 11,000. We will probally drop short of that.

MGM: Hold-Going up
FAS: Hold -Going up
YRCW: Bought at 26.5cents on Fri and dumped at 34 cents today. The stock is a pig but our computer said take a technical flyer. We did. A nice 30% 1 market day hold!
PRTS: Hold-going up
EHTH: Buy-going up