Susan, I think the ideas thread has evolved over time to looking at uncle for insights, but the thread's original premise included:
"this thread is specifically targeted towards members who wish to share 'day in&out-money making trades' with other members. My first trade suggestion would be Long CSCO MAY 50 CALLS before the earnings due on 6th May."
Now to others who have been less constructive of Susan's recent comments, let me say this - check out her profile and you'll see she is a valued SI contributor with many many good ideas. Therefore be extra slow to criticize her sentiments here, because you'll stir up a hornet's nest of defenders - of which I am one.
Re the market, it appears to me to be trendless and skittish - maybe appropriately so as we prepare to enter psychologically paranoid October! <g> I notice people saying we still don't have enough fear or capitulation, and I believe many valuations are still far to rich at PEG ratios of 5 and above. Personally, I'm leaning more and more toward value plays such as AVX/KEM/VSH, but with some speculative "bargains" such as MUEI and NEON (the latter of which Sue originally brought to my attention - thanks again, Sue).
I'm reminded of the "3 steps and a stumble" theory, and fear that the 6 interest rate increases by the Fed have yet to fully hit our economy. I hope for a soft landing, but am vigilant to the possibility of a recession next year.
I do a lot of reading on the net, so my opinions are not terribly original, yet they are offered in the spirit of community participation that I know Ike enjoys seeing.
Paul |
