Tuesday, August 18, 2009

And where do we go from here?

SPUZ up 5 - very quiet opening, AAPL and GS shooting a bit higher, REITS are a little stronger but just a touch. HURN is now up 40% - I have almost exited the position, this was a great one. MPGpA has regained the 4 handle. I am reshorting some of the CHK I covered yesterday as the stock has a minipop. I shorted a little TGT on the ramp this morning - earnings are better on lower revs....thats what I would call unsustainable - and Mr. Ackman is a seller as pointed out in his latest 13f.

More later

JB

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