This Market Won’t Quit
- Posted by Leigh Drogen
- on February 25th, 2010
It better be abundantly obvious to you by now that this market isn’t going quietly into the night, in fact, the falling wedge pattern on the indices right now looks like it may produce a powerful move to the upside. This afternoon’s rally signifies that traders still want a piece of the momentum in many names that are acting well. This is a stock picker’s market, treat it as such, buy the strength and sell the weakness. Oh yea, and I’m so glad that $PALM got destroyed this morning, someone forgot to turn on the smoke machine…video below.
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Leigh Drogen is the founder and chief investment officer of Surfview Capital, LLC, a New York based investment management firm employing an intermediate term long/short momentum strategy. More »
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