Out of CROX and BLUD

Well gang, I got out of CROX for a nice profit on Friday. It was precarious at times because after blowout, and I mean BLOW-OUT earnings, the stock was actually down after-hours on Thursday. That concerned me because I have seen stocks crush street estimates and have HUGE gap-ups on the news (see ERTS), but to see CROX beat the Street by so much and be down AH was cause for concern.

Once CROX rallied in the AM, I bailed. Let the hedge funds who are shorting naked fight it out. I made my money, I'm happy.

BLUD seems to have stalled, so I took my smaller profit and have begun to look elsewhere.

I am going to take a pause today and tomorrow until after the elections because then I will have a much clearer picture on what the market trend will be after the results. I believe if the GOP retains control (and I don't see that happening unless the Minnesota National Guard through John Kerry's blunder saves the election for them) will go up, whereas if the Dems take control of

Congress, the markets will head down because the Dems are noted for being unfriendly to business. They'll eliminate tax breaks, raise minimum wages, make health insurance a responsibility to small business. In short, the Dems will do things that will hurt the bottom line, and that is NOT good news for Wall Street.

I'll have some more trading ideas to share soon.

Happy Trading!