Monday, January 28, 2008

Simon: Worst Picks for 1/28/08

SNDK (long)....huge mistake. semiconductors lead the market down and will lead the market lower. the earnings are out monday after market close and i am very confident that their numbers and future guidance will be weak. DO NOT BUY SNDK!

CME (long)....hitting a very strong resistance point at 640 on a gravestone candle that was formed on friday. i am actually looking for an opportunity to get short on CME. the market hits the exchanges very hard, and with recession not going away soon, i see very little strength in any of the exchanges, especially cme. SHORT, SHORT, SHORT!!

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