GEO update

On Jan 23 I highlighted GEO as a short prospect. It's breaking down nicely..today below $14.
Looks like if it can hit new lows they're gonna have some real problems.

A good start

It's always nice for new trades to start off strong. Stops stay where they are. There wasn't much pull back today so I didn't add to any longs. Time for some wine and looking forward to a nice relaxing weekend.

Are you Sirius?

News on Sirius XM today from the Wall Street Journal. Sounds like Echostar might be setting up a play. Will those bottom fishing stock buyers get lucky or be tossed a big goose egg?
Here's the Reuters article

Long w/ caution

Well, with today's reversal I got long the indexes and a few stocks in my swing account. I will add to this tomorrow if we pull back a bit. My stops are pretty tight at 1% below today's Dow low. I took the S&P Ultra (SSO) , Honeywell (HON), and (CAT). I'm still afraid of the financials. On my watch list but not in yet are a few retailers. JCG and TGT. I will update this tomorrow.

Whats with this global warming talk? I out to get the mail this afternoon... windchill was 2 degrees. Yikes.

8000 even

The ''line in the sand''. Today the Dow closed right on 8000. This is getting interesting. All of the lagging indicators(unemployment, GDP, etc) are horrible, but can they get worse. It sure feels like sentiment is as bad as its ever been. The market should let us know if Obamanomics can save us. We should see a signal in the next week or two.

G-G-G-GEO!

I haven't done my usual full due diligence yet, but just put (GEO) group on the radar as a potential short. They run prisons and a huge contract is the Guantanamo Bay lock up. Obama gonna shut it down. They've also had some other bad press.

The scariest Chart ever?

http://seekingalpha.com/article/115525-the-scariest-chart-ever?source=feed