Look For More Weakness in Financials
Source: http://briskycapital.blogspot.com/2009/04/look-for-more-weakness-in-financials.htmlPosted on Tuesday, April 14th, 2009 | In Energy Markets, Market Commentary
Looks like it was a good move selling a few names yesterday. I don’t have much short exposure, but still feel ahead of the game by locking in those profits. I was close to going short the financials this morning, but held off. Missed one there. br /br /I know Goldman reported good numbers (their accuracy is questionable), but I don’t think any other bank will do as well, and quite frankly, their stocks are overextended. br /br /SKF is the one I’m looking at. Had a buy order in the 62’s before it ran away from me. There will be more chances, and I may still end up buying some. Be sure to use stop losses with these types of trades, as the reversals come without warning and can be very swift. br /br /The only think I’d buy on the long side right now would be commodity related.div class=”blogger-post-footer”img width=’1′ height=’1′ src=’http://res1.blogblog.com/tracker/819581243324579563-2773494517873841038?l=briskycapital.blogspot.com’//div
Last 5 posts by Michael E. Brisky
- Well Hello, Mr. Buffett - November 3rd, 2009
- Market Has Turned Negative - November 2nd, 2009
- Union Pacific Not So Bullish - October 22nd, 2009
- Diamond Offshore Reports Another Strong Quarter - October 22nd, 2009
- Pfizer Reports; Should I Sell My Shares? - October 20th, 2009
 About Michael E. Brisky (http://briskycapital.blogspot.com)
Welcome to "In the Know." Here I discuss macro trends in the market, and how I think investors can profit from them. I particularly follow energy stocks and other beneficiaries of secular growth. My investing style would best be described as a hybrid. A hybrid of value and growth; of fundamental and technical analysis. I think you have to be flexible to be a successful investor, but also disciplined. |
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