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Random Thoughts: Bovine Redemption or Market Redemptions?

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What will this afternoon bring for the climbing tape?

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  • At the risk of a complete mush--and conscious that Wachovia (WB) continues to trade, uh, not as well as it should, this is an update from yesterday morning's laundry list. While I'm still there on the long side (the faux bull costume, two legs), I've made some token sales just in case. Discipline is like a diet--you can trip, but you can't fall.

    • Lowes (LOW) +1%
    • General Motors (GM) +20%
    • Freddie Mac (FRE) +14%
    • Pulte Homes (PHM) +10%
    • WB +15%
    • Merrill (MER) +5%
    • Gannett (GCI) -5%

  • As always, I hope this finds you swell. Pork Chops and Apple Sauce. Swell.


R.P.

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Positions in USO, GM, FRE, WB, GCI, LOW
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