Roger, - I'm certain you will get many more chances to play tomorrow. The recent unprecedented intraday volatility of selected issues - MARG, KTEL, SEVL, to mention a few, has turned from a mania into an daytraders paradise, i.e. gambling casino. Players place their wagers at 1-minute before close, or 1-minute after the open, and hope and pray they are on that day's rocket ride du jour. Relatively unnoticed during the past few day's wild action is the fact that daily NASDAQ trading volume has been increasing. Today NASDAQ traded practically 900 million shares. The rate of air flowing into this bubble is increasing, and a larger bubble makes a bigger pop when it eventually bursts. I would be very surprised if we can keep this up for many more days or weeks, without some serious repercussions. The market needs to correct, and correct fast IMO. Currently 35% core portfolio a/c, 15% trading a/c, and 50% cash/CD/long bond.
Let the games continue -
Gary |
