Friday, December 14, 2007

20071213 PM

Dow 13,517.96 +44.06
Look to short gold miners Friday morning.

JBLU 7.15. Lufthansa took $300M equity stake. Stock is at all-time low, and this could put a floor on the price.
FXP 75.42 up ~9%. Expect some pullback Friday, and look to add more long in next few days.
SMN 40.84. ULTRASHORT BASIC MATERIALS PROSHARES SMN:AMEX. Hasn't been performing for longs in this short play.

Friday morning news: Consumer prices up significantly.

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