Tuesday, June 06, 2006

SENTIMENT TOO NEGATIVE


The market continues to show weakness, but there appears to have some pockets of strengths. The sentiment is so negative that it could bounce a bit here. HOM is very weak in the last few sessions, and today, probably in sympathy with negative calls on the home builders. I bought a bit here. This stock is very volatile and could go down a bit further, but could also bounce hard. Tight stop loss. (Stopped out).

I also added some SXC, which announced its plan to listed on NASDAQ. The stock fell hard, unwarranted, in my view.

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