Bring the kids, and make sure you bring with some ideas. You may not know this but my office is set up outside on a huge raft in the pool. I have three computers set up there with wireless modems. I trade while drifting around in the pool. I get a great tan, and can reward myself for an uptick by jumping in the water and taking in a swim.
I have never held back my ideas. Whatever I say here in no way really effects the stocks I trade. TLCM is on my list also, MRVC is looking interesting here, with support 28ish, it needs to get the secondary off. I like KMAG reversal play soon also, ditto ANDW, TSEMF.
Been looking at ADCT chart, the RSI perked up a bit friday and it might reverse soon. PAIR is also worth looking at, it's very strong, and there are rumors of a deal with T. I anxiously await what is certain to be some dismal earnings TUES out of BNO, and perhaps a downgrade or two to get back in this stock, hopefully with the double bottom formation not breached. This could be a big trade. The valuation there at this point is favorable, for those who care about such trivalities. The stock has been down on pretty light volume, will be interesting to see the action tomorrow. There looks to be a little earnings panic selling so far. ASND has a very warm stop in my heart after my last trade on it a few weeks back. It looks like another buy oppy is setting up there as well. My guess is that since everyone is going to look for the reversal around 46, it won't get there, so I say 47 is the reversal area, although the 50 day could provide support there at 47 3/4. I am in no hurry to go long this market, but as has happened in the past, when this market reverses to the upside, it will reverse hard. Unless market conditions warrant going long, often times sitting in cash is the best thing to do, if you are uncomfortable going short, as many are.
Well Mark, I need to get out of the pool and grab a drink, so I will have to catch you later. |
