Today was a great day for the stock market.
Dow was up 254.71 points.
Nasdaq was up 82.26 points.
S&P 500 was up 33.28 points.
We have the following stocks on our watch list.
We believe that they will present opportunities for short selling.
Stock Close Gain/Loss
BAC $8.39 +0.63 (8.12%)
Bank of America
HIG $19.42 +2.23 (12.97%)
Hartford Financial Services
VQ $11.76 +2.78 (30.96%)
Venoco Inc
MILL $3.65 +1.38 (60.79%)
Miller Energy Resources
CIS $5.62 +1.12 (24.89%)
Camelot Information Systems
MTG $2.93 +0.47 (19.11%)
MGIC Investment Corp
We are paying special attention to MGIC Investment. The housing sector still has about another year to recover. Companies in the mortgage insurance are hurting. Radian and PMI Group are facing an uphill battle.
Let's see what tomorrow brings.
The blog is about trading stocks. Most of our trades are short sell. What goes up must come down. It's a matter of when. We will give an account of each trade.
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