Futures are rather mixed right now. Goldman Sachs killed numbers but they are issuing stock to pay back to tarp, which is putting pressure on the stock price. As for financials, they could roll higher. I just bought the UYG for a broader play but I plan to blow of out it this week sometime. I bought the FAS at $2.50 but sold it at $4.50, so I missed alot of fun, needless to say.
If you are still long FEED (ballsy), it looks like it can still roll. Here is a list of chinese "rippers" that have room to go higher!
All around $5 and under:
CBAK, CSUN, FEED, JASO, SDTH, AOB, SOLF, FSIN, WX, KONG
I bought a lot of stuff yesterday, so I am about 75% equities, 25% cash.
Update: As I am typing the White House's Economic Head - Romer is blabbing how the economy is not out of the woods yet, dropping futures.
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Sold half of my "FEED" @ 20% profit.
ReplyDeleteThis retail number is not going to help either.
ReplyDelete