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Using the weakness to add long |
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Written by L.A. Little
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Wednesday, 28 July 2010 12:13 |
With some nice fat hedges in place, I'm using this weakness to add to the long side of the ledger. The desire it to get more exposure on the table to allow us to nip rises and falls for profits. You can only do that with exposure. You get exposure by buying the weakness and selling the strength. There is no volume today.
It has been a very low volume day. AAPL tipped the hat early telling us we probably go down with its failure on the daily. It wants to test the other side of the range which is another $5 down. Just using the weakness to get more exposure in companies that have reported and their stocks took off.
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