I looked at XDs analysis on OIH, and although, it makes sense long-term, OIH looks bullish short-term. So I am long OIH at 139. I will place a stop at 136.
Denleo
Buying OIH
Started by
denleo
, Feb 09 2007 11:50 AM
2 replies to this topic
#1
Posted 09 February 2007 - 11:50 AM
#2
Posted 09 February 2007 - 01:53 PM
This is the fly in the ointment about the IT top argument, it signals still too much ST liquidity sloshing around despite the lack of growth --read: poor or no real growth. Anyway, if it breaks, the market will be an easy short. I doubt it will break on Monday for an opex week sell off though...
BTW, the Fed will not inflate since the only resilient sectors are the inflationary sectors such as the materials and energy, it will pressure the USD that is still hanging there by a few threads, so the IT top is a matter of spending this last whiff of cash since the last winter...
For the 2007, I would think that a pull back here would make a lot more sense to finish the year well and into 2008 prior to the elections. A sharp pull back here would allow to cut the rates and boost the housing ahead of the 2008 elections...
- kisa
Edited by kisacik, 09 February 2007 - 01:54 PM.
#3
Posted 10 February 2007 - 12:18 AM
I looked at XDs analysis on OIH, and although, it makes sense long-term, OIH looks bullish short-term. So I am long OIH at 139. I will place a stop at 136.
Denleo
OIH
http://finance.yahoo...ez us...0&a=&c=
vitaminm