Tuesday, July 17, 2007

Dow 14000 and after hour

Dow touched 14000 today and finished below that, with SMH and Nasdaq on fire again. But after hour, both INTC and YHOO dropped about 5%.
  1. Considering the recent run, we may finally get a pull back tomorrow. And we touched 14000, so at least we can get this out of our way.
  2. I'll test water to add some ultra short ETFs and puts again tomorrow. Maybe not, all depends tomorrow morning's conditions.
  3. This maybe a bear trap again, so need to be nimble and exit quickly if it's not working.
  4. Bear Stearns warned one of its hedge fund maybe worth nothing. Another play to consider. GS is the one I may try to short.

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