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Toddo on TV: Trading Ability


Markets, movers and more.

Toddo's still ticking on Yahoo's Tech Ticker, telling us that his long-term bucket is 100% cash and his short-term strategy is to trade smaller and more concentrated. His moves this week included trading financials, buying American Express (AXP) short and Wachovia (WB) long - as go the banks, so goes the market. Toddo's also bought some Yahoo! (YHOO), though he might have preferred to wait for the gap to fill in a bit more following the Microsoft (MSFT) bid. But, as the master sagely says, "the ability to trade is as important as trading ability," so he's keeping a lot of his powder dry for what could be a very rocky short-term.

No positions in stocks mentioned.

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