Sunday, August 12, 2012

12 Aug market update

Well the shorts haven't given up on ARNA it seems, as the latest short interest crept up to 40 million and the stock price is down, but I'm really not concerned. This company is a winner. The big future loser is VVUS. I wonder how long it will be before the institutions realize their weight loss drug is not the champion they hoped it would be.

So FTR is alive. The stock has moved up nicely, but still has a ways to go. And yes, the shorts haven't given up there either, with about 230 million shares short.

Old man coal woke up and ACI, ANR, and JRCC have lifted off. Let's hope the rally continues.

There's a lot going on in the market now. It's odd that we still have alot of negative sentiment, but the S&P is at 1400. Also, short interest is extremely high. Let's hope the Chinese get their situation right because if they are able to get that big economic engine going, we might experience a rally to remember.

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The Vix

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Where we rant and rave about the market and of course give our opinions on stocks we love or hate. We're not advisors and urge you to conduct your own due diligence.

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