Wednesday, January 2, 2008

First Day of Trading in 2008

What a way to start 2008! Stocks got crushed, oil closed near $100, and I have puts in solar stocks. I have made a ton of good trades in the solar sector, but within the last few days of 2007, I decided it was time to short solar, bad idea! But seriously, how high can these companies go? I guess much higher if oil continues to climb. On a brighter note, I loaded up on UA a few day ago, and anointed it my stock of the year. I must say, I am impressed with how it held up today, UA is cheap!

Dow 13,043.96 -220.86 (-1.67%)
Nasdaq 2,609.63 -42.65 (-1.61%)
S&P 500 1,447.16 -21.20 (-1.44%)

  • Best preforming sector: Energy
  • Worst: Transportation & Technology
  • Chart Toppers

Video by Brian @ Alpha Trends

1 comment:

Anonymous said...

Hi, UA is a good choice. Good luck with it.