Googley Oggley

Been awhile since I have posted. Pretty much been due to lazyness. Just been so busy but really want to get this blog going right.

Anyway, market took a header into the shallow end friday as the reality of the "gee oil is at 67 bucks" took hold. It is amazing the flow of tards that were on CNBC for a week saying this is the new start of a fantastic run as oil creaped all along. I sat amazed seeing brokerages upgrading stocks that were in a parabolic run. Usually a sign of a top.

Where do we go from here? Who knows with what is going on in Iran and with oil. If oil keeps it's northbound move, all bets are off. There is a limit to how high oil goes before it is reflected in a slowdown.

As far as stock plays go, I am sticking to ones that have intraday news such as blowout earnings. Also, might go for the bounce play in recent darlings such as BRCM and such being the first bounce is always the biggest. That is of course if they bounce. But beyond that bounce, I am just scalping. It is very easy to get caught int he mentality that, "oh it is down soo much it much" As long as oil is up here or moves higher many of these high flyers can be crushed thus scalping with strict stops is the key