As a professional trader, head trader for a brokerage firm,at times I love the nasdaq, but let me make the following recommendation. With the exception of this week, wherethe market has turned to the nasdaq again with small, mid caps starting to pop up a bit and show theirheads,ifyou have not traded the big board, the LUs, the GE, the MOT, LOR, then you have missed some great returns this year struggling with the otc. I see a lot of otc stocks moving around but none of the stocks have any real conviction, where the real money has been going.
As traders, we have to remain flexible enough to adjust and go where the money is going, whether it be big caps, mids, tech, pharms, semis, etc.
Lately,the odds have been better that GE, MOT or Lu have a good day rather than a bad day. Odds are when a stock is good you can make money long than bottom fishing. Add it all together and I am suggesting keeping an eye on the good quality, big chips when the market gets scratchy as this is where the money is going. Remain flexible and willing tomove to new sectors, dump the losers and get onboard some winners.
for a decent insight into trading operations and strategy, take a look at Subject 15612
From the Trading Desk.....
But again I say the small and mid caps looked pretty good this week.
regards
steve |
