Wednesday, July 09, 2008

Buying Update

I am waiting for some of the orders to go through. If they haven't, I'll revise the prices.
So far, open orders are:
gifi
se
ts
osg
me
pxd
sm

Last time I did this I got cheap on the calls and missed out on WTI & MVL.



Meanwhile, I have been waiting for a pullback to the 50dma on many stocks. I saw that yesterday.


2 comments:

  1. Anonymous2:14 PM

    Dear Andrew,

    What is your stand on GOOG ?
    Is it a good short candidate for this type of environment ? Things is slowing, should the advertisement be affected ?

    thx

    ReplyDelete
  2. GOOG is hard for me to gauge. I like their potential growth as search moves onto the phones and TV. And they have a cell phone play as well.

    But that is future. Right now they are advertising dollar dependent. And the question is: as US spending dries up, will global spending make up the difference. I think so, for a while. Especially with the Olympics - this is the very first, truly web integrated Olympics imho.

    The only problem with GOOG is that they suck as a portal. Yahoo may be too glitzy for some, but I prefer it for its simplicity.

    ReplyDelete