Mid-week Positions Review, October 21, 2008

[caption id="attachment_421" align="aligncenter" width="500" caption="CAF, DELL, ESLR, SLW"][CAF, DELL, ESLR, SLW][][/caption]

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.

[CAF, DELL, ESLR, SLW]: http://traderpau.files.wordpress.com/2008/10/2008-10-21-positions.png