Wednesday, June 4, 2008

Day Summary

Markets tried to stage rally today but fizzled out at noon, there is some clear divergence appearing between Russell200o/Nasdaq100 on one side and S&p500 and dow on other side, I guess one side has to catchup, either S&p/dow would start rallying or nasdaq and russell would start falling, only time will tell. Thats why as I said yesterday a mixed bag of both shorts and longs is probably the best bet. So I closed one long today (SUP) and added one long (GD) and shorted one stock (LINTA). I have almost 50% split between my long and shorts. Friday is jobs number and arket may remain undecided till that point imho.

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