Rock And Roll
I think we need to start celebrating
Boxing Day here as well…
We are looking more or less unchanged ahead of what will
undoubtedly be another very
quiet trading day. Most of the European markets are closed, and
there is little, if any, news expected.
Some reports have surfaced that bin Laden died of
“natural causes” earlier
this month and was buried in the Tora Bora area. Since this news
can’t be confirmed or denied, I wouldn’t expect it to have an impact.
Holiday sales reports should start to drift in and could
cause some rock and roll in the
retail sector, which has been incredibly strong of late.
PowerRating) is out saying that sales
volume was up 86% vs. last year.
This has already boosted Yahoo! shares by more than $1.00 in pre-market
trading. Naturally, the other e-tailers should go along for the
PowerRating) +/~$1.00 also.
Cold weather pouring into the country may boost Nat
Recap of open trades:
Airline calendar spreads
BA Jan. ’03 40/Nov. ‘ 01 40 call calendar @ 3.00 — hold.
Put Spread Positions
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