Monday, December 11, 2006

Back at it Again Part Deux

Well, its been rather hectic for me, exams have left me little time for anything but cramming. But now I'm back and should be back for good as the semester comes to an end and a pause in the school year ensues.

I haven't been as active in the market lately due to the reasons above but I have been keeping an eye out as always. Recently, software stocks pulled back after an analyst made some comments, that were disputed by many, on ORCL's forthcoming earnings. ORCL got hammered but as a result the rest of the software sector took a rest with it. ADBE's been hit hard (I first noticed its diverging RSI in a previous post) due to concerns that expectations are too optimistic. MSFT came down around a buck to touch its 50 sma and I actually purchased some on a dip this morning. It has been rallying back ever since.

Over the weekend I've going through tons of stocks and charts. However, I will need to filter these down before I get some of them on here. They will be here soon though.

CM