Wednesday, November 28, 2007

Lack of "Rocket Stocks"

There was no Rocket stock for Tuesday, and Wednesday's 'fetch' was BIDZ. That stock has been scary, so I didn't mention it yesterday. At this point I am happy I didn't, because it dropped another 20% so far today.

It looks like there is some overkill selling there, so you might want to keep an eye on BIDZ if the market stays up this week, which I doubt. I'll have to see how the market closes out this session and how tomorrow morning's pre-market looks. I'll bet it's on the 'fetch' list for tomorrow, too.

A stock I mentioned before is ABB. I like it, IBD loves it. ABB recently retraced about $5 to around the $27 - $28 area. If it doesn't lose more ground it's worth a look. Unfortunately, I am not in this stock now. I was, but my LT investment $$$$ is tied up at the moment.

I've been watching this, and hearing good forecasts about, EWZ, the Brazilian Index ETF. It's bouncing back from a correction, but it appears some big investment $$$ is buying in.

China may be one area to start taking profits. Personally, though I own one ETF, I am very leery of those Commie suckers. Wouldn't it be a bummer if they use all our investment money to clobber us financially, then via all out war. Funny, (NOT), but I remember discussions in college and on the street back in the 70's that China was the real "Anti-Christ" that the U.S. should fear...and be prepared to fight. That's 30 + years ago!

Oops, I segue'd into politics. Sorry, that's for another blog.
A. Male

1 comments:

Michael said...

what is your opinion on FedEx taking over DHL this week? I just bought 2 million in shares, do you think it will blow up once it its the media?