Monday, August 20, 2007

SLB and WYNN trades



I took bites into SLB and WYNN (100 sh resp). Both have held pretty well and are on pullbacks or at multi-year highs.

A word of caution on the markets. I still think there may be a bit of upside before we retest last weeks lows. Corrections of this magnitude usually taking a couple of months to bottom out and with the credit crisis looming over the financial markets, it is a tough tell.

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