Stock Trading Review & Ideas for 5/5/09

The lack of quality stocks in low risk postitions to the long side give me concern as does the lack of good short setups.  When the market rewards chasing small speculative stocks it typically precedes a pullback.  We have had some excellent winners, protect your profits!  Keep your guard very high and don’t try to be a hero picking tops, it is better to be on the sidelines wishing you were in that it is to be in and wishing you were on the sidelines.{+++}