8.25.2008

Steel, Solar, and Finanical Short

I picked up TIE for a long term hold around 11ish a few days ago...It's finally breaking to the upside...and saw lots of call buying today... Could be a nice trade in the weeks ahead..As for X, I've been waiting patiently for X to fall around $120.. and we are near that today..with a low of $126.. I think the next $30 points will be to the upside..You could start buying here, and adding if it gets below $120...I also like the SKF, which is the financial short... I see $160ish near term...Oh, and solars could see a 10% pop soon, which will be the short term exit if the ETF, PBW reaches $22...

tb