Friday, January 11, 2008

Turn the Worm

The Solar curtain is open again and Ag continues to grow. Leadership is live live live today. While the Dow slumps 150 points.

What a bear.

I bot back Ag growth leader LNN today (68.28). I also bot medical prod/diagnostic breakout GHXD pulling back some (ave. 26.22)(this one is thin; brkout was yesterday) . Medical and Bio sorts are holding fantastic so far today, by the way and this follows the close of the JP Morgan med conf - which is a customary profit-taking time. In other words, there is more behind this move than a dog and pony conference. Institutions are lined up to get their HGH portfolio shots.

I took the quick and porno profit on CPHD (out 32.04), probably too soon but this is way I am going to play this game (I will sell extremes short term). CPHD remains on my Live List (scroll down) and I would hold it if I didn't have 2000 positions, or if I was long-term minded (ha!), or if I had to pay for that new stretch-less pair of pup-lined butter jeans. I'll re-enter CPHD when it speaks buy-me voices in my head again (I care less about price and more about how it set's up; higher or lower is not very meaningful to me).

I had to hold my hands yesterday on my JASO, YGE and CSIQ, as the group didn't care a rat's ass then about the lower rate picture. Today the curtain is drawn and what a shock - the group is still in vogue.

It's faster pussy cat and Kill Kill out there right now and the Street has yet to digest just which way the market is going to ball. However, the train has already shot out of a cannon - a beautiful environment if you ask me. Should be a flurry of activity here for me and I will no doubt take body shots along the way (head shots I try to avoid, but getting frisky-with-the-risky does have its ugly moments). I will try to hedge on days my life passes in front of me, but on a day where decent folk are crying in their Cheerio Chaps at the same time my portfolio is singing Mozart - I wouldn't hedge my own mother.

Current Longs (by size): GENZ, LNN, APOL, TNH, OII, HOLX, CVI, MR, VIVO, JASO, CAF, SYT, YGE, IRIS, GHXD, CSIQ, TISI, CZZ

No comments: