Tuesday, November 08, 2005

Cautiously Optimistic

Despite the low volume that was exhibited in this rally, I am still cautiously optimistic that we will see higher prices in the short term (with a target of approx 2220 for the nasdaq). Right now, I have options on Cameco (got in at 57.7 CAD) and XLE (entered at approx 48.9). But because the markets are still fairly weak at this point, I will be watching these positions closely and will pull the trigger at the slighest sign of weakness.

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