Saturday, April 30, 2011

ACOM and market in general

Dow jones has been rallying. Went up from 12500 to 12800.

ACOM went up 45 percent. Time to short the stock on monday. Tzoo similarly went up to 100 and came down to 80. Massive speculation in ACOM.

Most probably the stock will go up to another 5 percent during the morning session but then it will inverse
and by closing time it will decline atleast 10 percent. So watch out.

URI has not fallen yet. But still below the 30 day average.

There will be a correction in the market after earning week is over. Watch out.

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