This HTC Touch phone looks super hot!
Straight from the HTC website:
The HTC Touch Pro™ brings together elegant touch screen response with the direct precision of keyboard entry… leaving out nothing to deliver a powerhouse communication tool in a beautiful, compact design.
SSO looks good as a fine candidate to enter as this chart suggests.
Why SSO? If you believe in buying index, why not buy a leveraged one?
Thanks in part to a large US trade deficit and a weak US economy, the US dollar continues to trend lower. For some perspective, last week’s chart illustrates the current trend in the US dollar (blue line) as well as that other world currency, gold (gray line). As today’s chart illustrates, the performance of the US dollar has varied inversely to that of gold since October 2005. It is worth noting that the US dollar is currently testing support. (more…)
Last week three trades were completed. They were
Long candidates: AMR, NTAP
Short candidates: None
Long candidates: MDCO, NLS
Short candidates: none.
Covered the two short positions on FDRY at $17.87. The two positions included $17.57 on Monday and $18.42 on Tuesday. Was expecting it to go down further to at least $17.60 level, but hey, profit is profit.
Who knows TXU has to do this???
Oh, TXU. Shame on you.
Square PegsBy April Powell
Yesterday afternoon, a man in a blue TXU shirt rang my doorbell and
beckoned me out into the heat to speak to him (presumably to avoid the
100-pound dog barking behind my door). Holding his clipboard in hand, the
man introduced himself as a TXU “regional manager” Chad Maddox. He stated
that was visiting me because I am a good, longtime TXU customer, who had
stayed with the company even when its rates were high.
As the FDRY chart has shown, it is on the upper section of the trend. We are expecting it to go down and enter the lower section of the trend.
Resistance at around $19.50 and support at $16.50.
Charts are as follow.
The early market upleg provided an opportunity to short both Ciena (CIEN)
and Foundry Network (FDRY).
With more volatile price pattern, CIEN short trade has been completed with
just below 1% gain (nice for a day trade, isn’t it?).
FDRY is continuing its upward swing as of right now, up more than 1%. Need
to be patient now.
Continue to have HCP in the portfolio, slowly recovering.
Full confidence in both FDRY short position and HCP long position, let’s
wait it out.