Tuesday, August 11, 2009

pavlov is ringing his bell

The SPUZ are down right around 1%, you can see dipbuyers popping up playing for the "inevitable" rally this afternoon. I really think they are going to be disappointed this time and that disappointment will set the stage for lower prices.
MPGpA is holding up like a champ in this down market, I can easily see that stock hitting 5 in the not so distant future - if distressed guys wake up they will like this better than GGP - way easier to understand. I nibbled on a little FSLR for a trade here - it looks overdone on the downside to me.

More later

JB

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