Friday, January 7, 2011

Shorting $NVDA and $XRTX and considering holding nose and buying $AIB

Looks like some blo-off topping action in tech yesterday and into the open this morning.  We got lots of shorts on tech names, especially good on overoptimism in NVDA and XRTX.

On the long side AIB is a true stinker - and insolvent bank, nationalized, with share price collapsing.  Always interesting to watch for a pause to the downside and pick up some shares.  Real angst in Ireland makes for good buying opportunities in select ADRs.

Unfortunately our site is down today... ahh, technology.

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