Thursday, May 6, 2010

The market is panicking

The uncertainty in Europe is reaching climax today. The day of EU central bank intervene in the market is approaching. My expectation is early next week. The market was overvalued as I suggested many times. However, some stocks presented opportunities today. I bought back 200 INTC @ 20.50 (sold @22.50 a month ago) and 200 HSE @ 26.75 (sold @30.50 3 weeks ago). I also closed my HXD @ 12.45.

I will be interested in buying POT @ 95 (U$) and TCK.B @32 (C$).

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