BIDZ was the only stock that came up a possible Rocket for today. It's been hit for over a 50% correction. I mentioned in my last blog that it still looked shakey, but I'd like to see how it finished.
Today the stock is up ~10% so far. Others thought the stock had been oversold, too, and it looks like the Carp are heading back in to feed.
If the rally continues, I'm looking for BIDZ to make it to from $12.10 - $12.47. But.....I'm not some analyst who sits in the dark with a financial cal-tic-u-lator. I'm just guessing where this rocket might begin to sputter today. Do your own due diligence before investing in any stock.
A. Male
Thursday, November 29, 2007
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
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
Friday, November 23, 2007
Roller Coaster Market
Ouch!
As is usual, I waited a tad too long to bail on a few of my holdings.
I've read so often that even the pro's have difficulty 'pulling the trigger'. I did, and got burned a little, early on into this correction. It really doesn't matter how "quality" the stocks are, during a major correction they are going to get pummeled. Once I started hitting my sell triggers, I actually felt better since the mystery of where the market was going was over.
Doing a little scalping has helped, since the money is in my pocket, so to speak, within minutes or hours. As a trader, I'm drawn to making money...holding stocks doesn't appear to be a good idea as long as the talking heads are whipping their backs with 'cat-o-nine-tails' and forecasting gloom and doom.
On the bright side, those of us who managed to go flat at this time are looking at some pretty decent prices on some good looking stocks. Isn't it amazing how "perceived value" changes so quickly?!
Keep up the research...now more than ever! There are many great stocks poised to recover when confidence comes back into the market. We need a catalyst....Hey, why not attack Iran? That ought to be good for at least 1,500 points to the Dow!! C'mon "W", go get'em!
A.M.
As is usual, I waited a tad too long to bail on a few of my holdings.
I've read so often that even the pro's have difficulty 'pulling the trigger'. I did, and got burned a little, early on into this correction. It really doesn't matter how "quality" the stocks are, during a major correction they are going to get pummeled. Once I started hitting my sell triggers, I actually felt better since the mystery of where the market was going was over.
Doing a little scalping has helped, since the money is in my pocket, so to speak, within minutes or hours. As a trader, I'm drawn to making money...holding stocks doesn't appear to be a good idea as long as the talking heads are whipping their backs with 'cat-o-nine-tails' and forecasting gloom and doom.
On the bright side, those of us who managed to go flat at this time are looking at some pretty decent prices on some good looking stocks. Isn't it amazing how "perceived value" changes so quickly?!
Keep up the research...now more than ever! There are many great stocks poised to recover when confidence comes back into the market. We need a catalyst....Hey, why not attack Iran? That ought to be good for at least 1,500 points to the Dow!! C'mon "W", go get'em!
A.M.
Hey y'all:
Both the StockMonster and Slotmonkey appear to be hibernating at the moment, so I thought I'd pass on what 'Fetcher came up with for Monday's Rockets:
SPRD - $10.74
JRJC - $21.98
CTDC - $4.87
There is interesting research material via Yahoo Finance if you want to examine these. Go to Yahoo Finance, upper left part of their screen has a "Quote" box. type in the symbol and you get a short summary. There is reference material below the summary, as well as along the left side.
As usual, no recommendation is being given - just a guy looking at stocks (sometimes through rose colored specs. ;-) )
Happy hunting!
Both the StockMonster and Slotmonkey appear to be hibernating at the moment, so I thought I'd pass on what 'Fetcher came up with for Monday's Rockets:
SPRD - $10.74
JRJC - $21.98
CTDC - $4.87
There is interesting research material via Yahoo Finance if you want to examine these. Go to Yahoo Finance, upper left part of their screen has a "Quote" box. type in the symbol and you get a short summary. There is reference material below the summary, as well as along the left side.
As usual, no recommendation is being given - just a guy looking at stocks (sometimes through rose colored specs. ;-) )
Happy hunting!
Monday, November 12, 2007
Bull Riding
Oh, Nelly! If you've ever ridden a bull, even the mechanical kind, you've experienced physically what's happening to the market right now. Being bucked like crazy isn't fun, especially when you hear all that $$$$ being flipped out of your pockets.
I stayed invested, believing that yet another jump would take place. Oops! My stocks have very good fundamentals, but they are taking a real beating anyway. Back in Texas, we call this "a real whupping".
I've read recently that growth stocks do better at this time in a bull market. Now is certainly time to cherry pick stocks for short term trades - day or swing (scalp?!).
Over the weekend I concentrated my research on the technical side, with stocks trading below $15 as my focus.
I chose 2 stocks and had a 50% success rate today. My winner was GTOP - In at $4.07 and out at 4.25 as the market faded. My other pick was MMPI - I thought it was ramping up the past few days, but it dropped at the open and hasn't recovered. Lucky me - I didn't buy MMPI as it never looked bullish!
A.M.
I stayed invested, believing that yet another jump would take place. Oops! My stocks have very good fundamentals, but they are taking a real beating anyway. Back in Texas, we call this "a real whupping".
I've read recently that growth stocks do better at this time in a bull market. Now is certainly time to cherry pick stocks for short term trades - day or swing (scalp?!).
Over the weekend I concentrated my research on the technical side, with stocks trading below $15 as my focus.
I chose 2 stocks and had a 50% success rate today. My winner was GTOP - In at $4.07 and out at 4.25 as the market faded. My other pick was MMPI - I thought it was ramping up the past few days, but it dropped at the open and hasn't recovered. Lucky me - I didn't buy MMPI as it never looked bullish!
A.M.
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