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Monday, August 27, 2007

Another day the index averages are not telling the story

Posted by Mark at 11:40 AM TweetThis
Advance decliners are generally 3 to 7, as is volume....

I don't really see any major strength today, even the agriculture, infrastructure, tech plays of the past week seem to be faltering. The main pockets of strength are the same momentum names: Baidu.com (BIDU), Crocs (CROX), Blue Coat Systems (BCSI), VMWare (VMW), and just about anything Chinese.

Not too much to get excited about at this point as of mid day.

Long (small) positions in BIDU, CROX, BCSI in fund; no personal positions

Posted by Mark at 11:40 AM

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