Fed Raise Rate As Anticipated, But Stocks Failed To Rally
The anticipation of Fed’s decision was confirmed, and the stocks responded as predicted but failed to hold as the market fell back into negative territory. Disappointment from Dell drag down the tech sector, especially Intel. But Microsoft is actually up today. Maybe I should add more Microsoft to my long term investment.
Today’s pullback actually gave me good feeling about the market digesting two days worth of gains. I’m maintaining my bullish view for the week.
After the market pulled back, I added BBY JAN 2006 47.5 Call and YHOO JAN 2006 40 Call. Yes , I added more Yahoo even though I closed the YHOO JAN 2006 35 Call earlier in the day. Just feeling very bullish on the stock and the group.
It's not when you buy. It's when you sell!
