Monday, December 13, 2010

Took a Spill

The market lost its footing late in the day. It's never easy ... at least recent buys ERES, VALE, and SMS are moving up.

Trades: I bought SCHN calls. SCCO got away.

Reversal alerts: (4).

The T2 script issued an alert on TTM - the HLR script alerted on it last week. It's P/E is 17.9 and that's all we know.

EGHT has very modest growth and a P/E falling to 18.6, but it could be setting up for another run.

I'm always ready to snipe a few percent on a reversal play if the fundamentals are okay. It helps a lot if the market is moving with you. But that's frequently not the case on any given day lately.

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