Friday, March 28, 2008

Nobody likes to be a looser!

To be precise - nobody in the mutual funds world want to have too many losers on quarterly report. That is why most beaten down sectors continued to suffer losses today.
I like to take my chances and get some short term plays on a cheap. I was building long position from airline, homebuilders and small cap stocks from the very morning. Somehow - airlines already paid off - nice bounce. I don't think it'll get much "cheaper" on Monday - if market will be down - I'd keep adding to my long positions. Bought some $RUT near the money April calls as well. Cheers.
Have a great and peaceful weekend...

P.S. Tempted to add some health care stocks, but problems are too deep to bother.