Monday, February 1, 2010

Predictable Monday

Today's action was pretty predictable considering what happened last week.  We got what appeared to be a oversold bounce.  When I say oversold, I mean very short-term.  I still would like to see a few more percentage points come off before I like valuations.  Plus, looking back over the past few months, Mondays have been very very good.

Some stocks I am close to buying: Loews, Forest Labs, and adding to Compass Diversified Holdings.

Not much otherwise to talk about today.  I'll be watching earnings in these names tomorrow: COCO,CMI,FISV,MTW,NWSA,OESX,DOW,UPS.

Disclosure: Long CODI

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