Well outside of GOOG scalps and VPHM moving, thus continuing it's northward journey, there is nothing to write home about. Things are thin out there with pops and drops on low volume with most trades being mainly scalps off pop ups and drop downs. Hard to buy and hold this market with inflation showing and oil soo high with this action. Seems the market is waiting to see if the economy keeps ingoring oil on the consumer side. But, how long does that last till it hits home. I am already eyeing a mini-copper and have fits of rage when I fill up my tank. Still see images of Bush and Cheney laughing as it takes 70bucks to fill' er up. Thus, how long does the party continue till something breaks?
Goog was a "buy the panic" open. It seems that the news of this secondary caught a lot by surprise. On one end, it is dilutive, but on the other, raises some interesting questions on why the offerering. They obviously want to buy someone, being they have a lot of cash to continue their business model. They key is who? I think this debate is why the stock didn't totally crater off that news. This is probably why it bounced right of the open. And that open buy was the trade. Now it is all scalps intra-day and at the time I am posting this the stock is lissless.
VPHM on the other hand shot up quick to that previous high, pulled back and I got in at the low 14s and seems to be working that new high nicely. Going probably for a point on this one.
Well I am keeping my powder dry for a news play or for a big up or down move. Outside of that there is nothing.
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