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posted on 07/07/08
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GDP - $100s shortly
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GDP - Love the nice pullback on GDP, still say it sees $100s shortly. Post Window Dressing it made sense for stocks like GDP to retrace a bit. There's now two ways to play this from the longside. Here on the drawdown, or wait for it to break the all-time highs and play that breakout in the $80s. Or, best yet, buy 1/2 here and then buy rest on that breakout. Use stops either way if you choose to play. Unless market tanks harder I suspect GDP will taste $100s sooner rather than later!
Michael "Waxie" Parness
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