Gio noted a possible bounce from INTC next Tuesday. couple that with AAPL at MacWorld (better to position this than waiting for earnings.), where theyʻll likely announce how many iPods, iPhones, Macs, etc...were sold, if the numbers beat their aggressive guidance it will be a nice pause for the bears... and a one time win for bulls... a bounce not a rally...
I regret not jumping in on CMG, talk about an overrated place to eat... sure itʻs has better ingredients than Taco Bell, but when people donʻt have $, they go cheap... why do you think McDonaldʻs is still kickinʻ. sure they are down too, but believe me, people will start choosing cheap over quality if it means their house...
One more thing to factor in on is the new president... will they raise taxes? blah blah blah, iʻm politically neutral... so no politic talking here... just be a good citizen and please pay your taxes.
So my main positions:
FXP, LVS (puts), DECK (puts)...
in my sights:
AAPL (calls), HET (puts)... too many to sift through
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Mac world monday, cpi data and intc reports wed, ppi data thursday, bernanke talks fri (will hint to cutting yet again), ... We will have a short cover rally. Don't bet against tech, I expect nasdaq and ibd 100 to go up 3percent in an erratic fashion... I also see dry bulk and retail getting bouncing off support. So, I'm different- I'm not waiting for a bounce but a short cover rally.
Short EDU.
AAPL got rejected by China... hmm.
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