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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (368)12/31/1997 5:54:00 AM
From: Dale BakerRead Replies (1) of 118717
 
Some friendly advice: today is the last day to clean those sad puppies out of your dog pound and take the tax loss. You know which stocks they are; they languish in your portfolio glaring red as you mournfully hope they will rise once again. Most of the time, they don't.

I'm starting the new year with a long portfolio showing almost all black (I'm keeping one penny stock puppy). With the uncertain market ahead, lots of cash and lots of margin could be a good position until we get a fix on the upcoming earnings season.

For those who follow the TA on the NASDAQ, it could have another good session or two, then be careful. It will have to break its 50-day MA in the high 1500's before we can declare an end to the year-end slump.

Happy New Year to all.

P.s. NASDAQ futures are down 10 points at 0600 Eastern time.
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