Wednesday, July 29, 2009

I'm BAAAACK... But will I really get back in..

Well, i decided a couple of days ago to see what that AAPL - China Unicom would do for our NDX... nothing...

Today, MSFT - YHOO deal... nothing...

Looked at a seasonal pick... DUG... as summer break is basically over. it's bounced off 15s solidly... and today broke 17. Much of it has to do with the dollar of course.

I am looking at FXP & DUG.. SKF... you know the big bears are back. I still have FAZ in my pocket portfolio. which is almost worthless. In any case, I was looking at option calls on FXP/DUG/SKF. But as you know this bear rally feels like it has one last gasp before things get suicidal (not for me of course)...

I have basically been paying off debt... plus i just got back from Europe July 16. So, i obviously had no care regarding the market.

I still see the S&P trying to get to 1000 (the Fib exists in the 985/1050 range). And many are pointing to 10K on the Dow. Me thinks not...

Anyway, I am back... a richer for cutting down my finance charges... but poorer for the year for getting swindled in this market... Am I a sucker if I come back to it with my limited time and limited patience?