Friday, July 31, 2009

Morning coffee

I will be drinking coffee in about 15 minutes - thats a good thing. Early morning line is futures up 4 bucks or so just enough to make anyone who thought that fall from grace on the close yesterday was the start of something feel kinda sheepish. baaaaa. Stocks have showed big returns this month - last day of the month - people rush to protect the gains? or just gun em a little higher?
I covered those nasdaq futures i shorted at 1616 yesterday at around 1606, I have reshorted a partial position at 1612.25 - so you know what I think.

Good luck today

JB

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