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Tuesday, March 24, 2009 3:45:40 PM
Talk of Up-tick rule will slow this down a little bit(CNBC Pumpers,lol)
My area is also seeing some solid stores closing shop, and I think more distress is still to come. Some Gov. here has shifted from 5 working days a week to 4, 10's, Cost cutting is EVERYWHERE.
I skimmed 10% off the top, I'll trade around this until the trend starts. Same in TWM, FAS, BGZ and TZA. I still have more banks to sell, and move to the Bear ETF's. Some shares are for long term, but with stops.
I've skimmed heavy from all Oil holdings as well. It woud be nice to fill up more DXO well under $3.
This week or next we should have a trend set, But News trumps all, and we have to watch the Obama factor, and how it's played on CNBS. Sometime in the next coming years, we will be able to trade on fundamentals again.
:)
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