Here Come the Bulls!

August 8, 2007 | Posted by Jorge

This is normally the worst hour to be in (2-3pm).  The selloffs during this hour have been harsh.  So far we’re up a solid 160 points with about 90 minutes of trading to go.  We’ll see a 200 point close today, I hope!  I do thank the bulls on Wall Street today for their efforts.  The losses I reported in my weekly progress report this week have almost all but been eliminated.  XTO’s finally turned a profit and LVLT’s reaching the break even point when factoring in a covered call I sold about two weeks ago.  It does pay to be patient.

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