Finally, we are back on track to winning. Great day across the board, starting with a great earnings report for FDO. I have to be honest, I am really impressed with this firm's management. They are honest, to the point, and wall-street likes these guys. It's getting a little rich on valuation ($40 is probably the highest it can get in this market) but this is a great investment. I bought some small stocks also and caught the breakout in LDK. I sold a 200 but am holding 200. I think it can go to $9, just don't know when. I should've gotten in JOSB, but oh well, I knew people would be buying suits lol.
Going forward, it will be difficult. I think we can rally higher tomorrow but retail sales are tomorrow, so who knows. The VIX is under 40, which is great for the long side. Many fund managers will put money to work with the VIX below 40. I still have FAZ and the TLT as my hedge but I have a lot longs.
Ill be back a little later, take it easy.
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