hmm

I made a little (a very little) money today - thanks G-D. After the close GOOG is rocking higher, IBM is not - which one will matter? - dumb question. MPG rocked and rolled today, if you recall yesterday morning I pointed out that Apaloosa partners had bought 8% of the stock. Buywrites look really fat in that name, like 20% for a month or so.
This continues to be a very tuff market to TRADE. Its a long only fest. Some big momo names faltered today but it really didnt matter to the broader market, all the beta names were lower, all of em.
I want to harp on a point once more - take a look at HOVNP , its a Hovnanian preferred trading at 21% of par, 21%. It is trading 1.5 over the common stock for petes sake. Insanely cheap. That continues to be one of my larger positions. This is a company that is redeeming debt on a regular basis. Oh well - more for me.

One last comment today is the 9th day in the row the SPUZ have closed higher...9 times, 9 times.

Tomorrow will undoubtedly be 10

JB