--30,000-- Cool! Yeah, I'm on the road and headed South, so run for the hills. . . there hasn't been a more accurate indicator of the markets come along than the direction my car drives during market hours. Go figure.
Broker said, "Get off that road!" So I pulled into a Howard Johnson Express. . .very nice. . . I'm in their Business Services office for guests. . .you should see it!! I have all the screens running quotes, charts, etc. . .looks like a trading room. They are all looking in wondering why on earth I could possibly need so many screens on at once!
Well, we knew the market would sell off after earnings. . .and as it often does, it sells off BEFORE earnings season is up. . . usually it sells off UNDERNEATH a very narrow rally. . .in other words a narrow group yet to report keeps going up, while the much broader market sells off. . .the index shows barely a move, so most folks hold. . .and end up becoming bag holders. . .as they wonder why their ports are down so much, while the Dow and the Naz are barely changed.
So I've already sold many of the Earnings plays. . .and am only keeping a few that have yet to report. . .hoping to buy them even lower. . . AMD, RFMD, EXDS, etc. You know the ones.
Meanwhile, ISLD hurt. But CBBC felt great. . . .just like old times. . . though I bailed at open.
Gotta run,
Rande Is |
