***1Stock 1Week*** Short XCIT 5/20 close.
The corrective phase has begun, after a short rally due to Memorial holiday, more negatives will run techs down. Pessimism will reign and shorts will prosper, maybe. We are due at least to retest 1800, next down to 1700, which will be a buying opportunity. This whole process will take 2-3 months, maybe more. Just my thoughts. Everything is perfect, inflation, interest rates, unemployment, earnings (NOT).
After the run from the start of the year, profits will be taken because they should be before, there aren't any left.
Good luck to all! I really enjoy lurking on the thread and periodically giving my picks for the contest. The only negative is always seeing APM. I made more profits than losses in this stock but I still get sick thinking about it. How about a contest to name a new thread for this thread?
A Perfect Money Vehicle - 1stock/1week selections ...... to start things off.
Ketan |
