Monday, October 30, 2006

follow thru

well, despite the story going out that says GDP was really up only .9% the market rallied into the afternoon "on weaker oil". Oil was down today and rumors were around that mexico was buying puts...i havent found any story to back that rumor.

needless to say we got a sharp afternoon selloff to close basically flat. a lot of people are continuing to talk about the huge amount of yen open interst and now nikkei got hit pretty hard yesterday. well see if that spills over into the US.

ive yet to cover my shorts but any type of rally higher is going to make me fold. GS has come in but GM continues to amaze me. CAMH has been on fire and i think the stock is poised to really break out further with new management coming in.


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