well with all this "short covering", i'm surprised i *still* couldn't get shares of cree to short ... must be one heck of a lot of shorts sitting on that one.
aj -- "People playing P/E's both ways will get killed in this market, as fundamentals don't matter."
You know, now that I've had my lobotomy (as recommended), I'm beginning to understand this.
Eeked out a small gain today, even though it was terribly played on my part. I mean terribly. Removed another few cents off NVLS and hold more some underwater for the moment.
NYT headline: "Stocks Surge as Start of War Seems Almost Certain"
So far so good given my own particular strategy. Normally low volume markets gain momentum into FOMC meetings right up to 2:PM. This market is really weird but the run is way overdone right about here. If reversal is to occur it should begin after FOMC in my opinion. Real reversal if ORCL report is negligible should occur wednesday. But who the hell knows. What's clear is we ain't headed much higher from here for next 2 weeks...in my view.
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