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Alias Born 07/08/2008

Re: None

Wednesday, 07/09/2008 10:20:03 AM

Wednesday, July 09, 2008 10:20:03 AM

Post# of 389253
Interesting play on the airline sector (AAR):

http://stockcharts.com/c-sc/sc?s=AAR&p=D&b=5&g=0&i=p02620044810&a=144935127&r=177

It basically looks like preferred stock moving like a common stock (amr). Might be a good play if oil continues to fall, but this morning seems to indicate that might not be the case. AAPL looks tempting this morning, but I don't believe in this rally yet (or yesterdays), today feels like "back to normal" at least so far today. Another interesting play looks like PBE:

http://stockcharts.com/c-sc/sc?s=PBE&p=D&b=5&g=0&i=p02620044810&a=144935015&r=762

Seems to be tracking the nice move in Healthcare and Pharmaceuticals, but if we're still in a bear then this too could be a real head fake. Short feels like the right place to be for now, maybe we'll rally this afternoon and flip the trend...
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