The sale of our position in the CME at just over $291 the other day sure looks good now that the stock is at $263.10 a share. It has fallen to the bottom of the Bollinger Bands that we use on the one year chart, so we will keep our eyes on it for re-purchase.
Shanda (SNDA) rallied on better earnings this morning, and then fell right back down to where it started the day. We are seeing too much of this kind of action here, so we are still approaching this market very cautiously.
Friday, September 4, 2009
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