Market Wrapup

Another weird day for the market, as the seas are getting more difficult to navigate. I feel we are not out of the woods yet but I am deploying capital like a mad man. I bought TWM as a ultrashort on the Russell index for a hedge, in case we tank. In addition, I bought some stuff that I thought was on sale. Goldman is trying to bury POT and the ags and frankly they may sell off due to weaker fall, however, I believe ags are going to be hot come spring 2010. I will buy ags on dips and sell next year. I think POT is worth 150 but carries the highest risk and may require some wait time. I took a sizeable stake in EXM and will buy more on dips. I sold my pwav and fig for losses and plan on selling other stocks like FTK, FNSR, LUV, MWA, TRID, CaL, and maybe DELL in order to raise cash. AMD is pissing me off so I am stuck. DXO and UNG will be holds for now but I may kick DXO if things get nasty since I about a 35% gain.

All in all, I got too agressive and it seems as if fund managers don't have the "fear of missing the rally" instead they are sitting back, watching the indexes drop, which makes their losses seem smaller. Regardless, I will continue to research stocks and hold off on technical buys. However, if I had to play a techincal breakout stock, it would be SIRI (daytraded this today and it looks poised for a 10-20% gain with a .30 cent stop)