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  • Markets Rinse and Reverse 0 comments
    May 19, 2009 9:43 PM | about stocks: VNDA

    We booked a HUGE winner with VNDA today, a toasty 150% winner!  We're in cash for now waiting for the markets to tell us the next move.

    Markets ended modestly lower but the action seems indicative of a tired market here.  Volume was thin and volatility came down significantly on the day.  We would expect some profit-taking prior to the long weekend, so be ready for that.  Yesterday picked up the indices from what seemed to be a rollover state.  Perhaps it's being seen by too much complacency, the VIX hit under 30 for the first time in months. 

    Hit 'em straight!


    Stocks: VNDA
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