Thursday, March 5, 2009

Market a giant bore

I guess that was probably obvious by drawing a penis on the S&P but just wanted to let you guys know I am still here. Just don't see anything to do right now. My only position is LZR. I mentioned this one a few weeks back and said I was planning on buying a token position before earnings and then add to it if the report was indeed as good as I thought it would be. I called the CFO and he told me earnings would be second week of March but obviously the prick lied because earnings were yesterday. So I wasn't able to get a position before earnings but did grab some shares at 5.9 yesterday morning which I added to a couple times and have my cost basis at 6.25. Should have posted it yesterday but truly it is has a lot more risk than I usually trade but also a giant reward...so far it is working out. Just thought I would mention it because I still think this one still has more to run, at least to $8. If it ever dipped there might be an entry there. Hell, I would be willing to add more without much else to do.

Other than that, I am just watching the financials. I don't care how far they have fallen percentage wise in terms of having an effect on the indexes, this market is still not going to have much upward momentum until they have at least stabilized. I will be getting some watchlists up soon.

Appreciate the feedback from you guys that have sent e-mails! I encourage anyone to post responses here, anywhere...it doesn't matter. I will get them! Makes it worth while feeling like I am helping.

JAX

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