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No Time to Be Short Anything

With the 4-year record 1 day gain by DJIA on Thursday, a lot of investors were caught off guard napping at the beach. I think more money will be put to work and this rally should gain fuel. If you have taken on any short positions based on my recommendation, I recommend closing them out. I have been wrong on my short stance on Bankrate (RATE) and Amazon (AMZN), which has been my worst pick ever. With the strong move up on significant volume, I think these stocks will go up.
 
If you really must stay short on something, I guess Choicepoint (CPS) still remains to me a sub-prime risk.
 
-- Faisal Laljee
Full Disclosure: I do not have any positions in the stocks mentioned here but this can change anytime without notice.
Published Friday, July 13, 2007 9:11 AM by Faisal Laljee
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The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco or its employees.


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StocksandBlogs.com
StocksandBlogs.com provides stock tips, equity research and markets commentary. This site will give you investment ideas that you can apply to your financial portfolio. By sharing my money making stock tips and research, I hope I can help you manage your wealth better - whether you are a long-term investor or looking for a quick trade, a bull or a bear. From Wall Street to Walmart, Commodities to Foreign Exchange, you will find it all here. My name is Faisal Laljee and you can email me anytime at flaljee@mail.stocksandblogs.com

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