David Greene

2 Comments

Can the Greenback Rebound in 2008? [view article]
Judging by the sharp increase in the value of the dollar today, a trend reversal may be in the offing. Currency trading speculators have become complacent on riding the wave and most likely are more exposed than they would prefer as the "inevitable" decline in the dollar no longer looks like it will continue. President Bush will, IMO, jawbone for a strengthening dollar--further exacerbating the positions of currency traders that had bet on a tanking dollar. One day does not make a trend, but the possibility of a shift in the outlook for the dollar will certainly help the U.S.'s inflation picture. Mar 11 11:28 AM
High Tide for SiRF Technology [view article]
The investment thesis for SIRF in the near term is that the selling has swung too harshly to the downside as the "herd' has moved out of the stock. However, new investors/traders will take positions as the stock begins to turn. The fundamentals, in my opinion, make SIRF a low risk investment right now. But I am not investing for two years--I look to invest for short term to one year. I am content with 30-50% returns --and the sooner the better.

SIRF has a rather substantial short interest of 15,984,072 as of 1/31/2008. Once the selling abates and the short sellers begin to see their profits start to wither, short covering will begin in earnest. Feb 25 11:55 AM

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