Busy morning, crackberry alarm went off at 6AM, checked the futures markets SPUZ down 3.5 (SPUZ=S&P 500 futures contract) a step in the right direction but they had traded down 10 points last night - so the dip buyers are allready doing there thing this morning. GOOG (mentioned last night) trading down 5 bucks on the MSFT and YHOO news - will see if this holds. Two secondary trades we indicated for this morning - a secondary is when a company comes to market with stock for sale - they are led by your favorite guys on Wall Street, Morgan Stanley, Credit Suisses, Merril Lynch, etc... this morning we are playing in two deals offered to us by our sales guys at credit suisse, HGSI and TSL - we said we'd buy some shares they usually get priced at a discount and you can make a few bucks on em...There was a third deal we were shown but it looked redicuolous to us so we passed and actually shorted some shares in that name - we'll see how that one works out as well. Kinda hopeful the market cracks today- hong Kong was down 2.4% but the European and UK markets are all firm - in England the swine flu must be causing delerium which makes people bullish....
JB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment