Mid-week Positions Review, October 21, 2008

CAF, DELL, ESLR, SLW

Like the market, my holdings are going sideway this week near their lows. Based on the price/volume observation this week, here’s my short-term ranking from strong to weak.

1. ESLR
2. DELL
3. CAF
4. SLW

I feel ESLR is strongest because of the last hour spike last Friday on 1 million+ volume. They are now sueing Barclays and Lehman to return their 30.9 million loaned shares.

DELL is showing some resilience despite negative news on Yahoo today. It is testing its low the 2nd time at end-of-day today on a regular late-day volume. The next day or two will be important times for DELL in the short term.

CAF is just drifting sideway for now on low volume.

SLW is now under pressure because of weakness in precious metals and the Euro.

Related posts:

1. Positions review after the crash in first week of October 2008
2. Mid-week Market Review, October 15, 2008
3. BOUGHT +4 ESLR 100 DEC 08 5 PUT @1.40
4. BOUGHT +4 DELL 100 DEC 08 13 PUT @1.80
5. SOLD -4 DELL 100 DEC 08 13 PUT @1.29