Steve, Re "Diamonds are a guy's best friend"
It's been fun watching you develop that Web strategy over the last few weeks. It certainly looks reasonable to me. I really like the Diamond part. I've really been thinking of advising folks to park in SPY while I'm making up my mind over what to do next.
The uptick in MRK couldn't save it today and the weekly MACD issued a bearish signal. However, one day does not a week make.
I've got some folks parked in MSCC and what a roller coaster it's been, all with a zero sum game. But, with the expected uptick in Big Blue and MSCC where it is, it also looks up to me. BWDIK
Just about finished this newsletter article and can't release the 10 finalists yet, but look at the industries:
3 brokerages
2 property & casualty insurance cos
1 electronic/mechanical prod
1 aviation fuel services
1 direct sale - health care prod
1 precision equip/mechanical parts
1 weight control/health care prod
The bottom line is no techs. I looked at the TA and the brokerages scare me, but this group is not done on TA but simply FA. But thanks for the Kudos on seeing the brokerages last Nov. Can you imagine if one had taken leaps on them back then. Wow! As long as Greenie & Co don't raise interest rates, the financial services area is going to stay on a terror. But if they do raise interest rates, harpoon them!
I don't know a lot about volatility, implied or otherwise. But, it seems to me that if you get away from the techs, the premiums for the options are a whole bunch less. As I said before, my biggest gains last year were on GE options, and they paid for a whole lot of other education to the Institute of Higher Investing Institute.
Daytrader Berney is T-1 week and counting!
Berney |
