Sunday, June 8, 2008

Monday June 9th Plans

The Bullish Percent charts are flashing some warning signs, so appropriate action will be taken as follows:

Declaring victory in one of the rails - selling the remaining 30 shares of BNI in the morning - price TBD.

Adding 50 shares of CVS to the existing position, target buy price under $43.

Adding 25 shares of NKE to the existing position, target buy price under $68.

Adding 50 shares of TRN to the existing position, target buy price under $38.

Looking to start some short positions, on a bounce, as well as looking to establish new longs in the copper and coal world.

Short ideas are as follows: AIG, FRE (more), FNM, TCB, WTFC, MSSR, WFMI, GPS, PFCB, CAKE,

Long ideas primarily center around JOYG, FTK, PCZ, QTWW, LEI, END, XCO, PZE

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