So Far So Good

I'll keep today’s post short and sweet.

The first pick of my blog, RMD finally reported earnings and gave just what I asked for. If you took a position in shorting this baby as I suggested, you would have made over 10% in three days. As of today I’m taking profits and saying to cover if you are still short. Although this one could go lower just like HANS did, I’m happy with my gain.

SIRI bounced back above its weekly 200DMA to my delight after riding the coattails of XMSR’s upgrade by Bear Stearns.

The market is consolidating, so don't think too hard about what is going on. As always I'll be searching for the winning picks. Happy Humpday.