Tuesday, August 2, 2011

Exit Only

It feels like I'm going against traffic here. Charging into the stampede. Buying when I should be mostly in cash already.

It's like a high risk "Genius/Moron Play" in poker. You're a genius if you win, and a moron otherwise. I have a bad feeling it might not be the former. DNS -266, -75, -33. Wow.

Trades:

MCP stock and BRKR calls as noted below.

AMG hit the stop, -2.5%.

Reversal alerts: (18).

GG has a decent reversal pattern,  rising estimates, and Cramer's blessing (gold). 60% YoY quarterly sales growth.

CRM alerted but I can't go for a stock with a forward P/E above 200. They report Aug 17.

DRIV and RVBD had good growth expectations based on the estimates. But judging from the charts, I'd say they missed 'em.

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