Trades: April 7, 2008

Sold Suntech today under a standard trailing point order. Good thing too, solar stock seem to have dropped a bit today. This is probably because the entire sector has been going up like crazy in the last two weeks, so it stands to reason that there should be a bit of a correction. Will have to look for an entry point a little later on these stocks. RIM should have been sold off today too since all it has been doing since earnings is go down. It would be a good idea to possibly take some profits for tomorrow.

It seems that there is a lot of run up to stocks prior to earnings. This might indicate that the run for Apple, Google, and a lot of tech names would be good up until a day or two before their earnings. I think especially for companies like Google, there is a lot of downside to this stock.

Both risk plays from Friday have dropped, if they go further, there might be a new entry point somewhere down the road. The financials keep going up, and that's interesting, it makes me regret selling Visa a little bit, I will probably have to get back in to that one sooner or later. But I have a feeling that the market will likely see a few more ups and downs in the coming weeks as earnings start to go out. The market has been doing just a little too good lately.