Smoking Securities

Half Baked High Finance

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Some ideas from the global consciousness of StockTwits.com
ENER is rallying into resistance.
So is ESLR.
The solar plays look like better shorts, but you won’t find me fighting the uptrend.
Gold miners are showing some encouraging strength above support, how about a scary pullback?
CPB can rally, but I suspect Staples will under perform relative to other sectors during a bounce.

For the most part, I don’t think this is a stock picking environment. There are so many risks out there, I don’t see how taking on company specific risk can be advantageous. Though there are some interesting stocks that have tons of cash per share and low debt, I’m more interested in sector themes to be traded via ETF. Gold miners via GDX remain the sector to beat, and if this market can maintain its current short term uptrend, it won’t matter what you own, EVERYTHING will rise.
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Written by chucklesamadeus

November 26, 2008 at 11:05 pm

Posted in CPB, ENER, ESLR, GG, SPWRA

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