>>It looks like rough sailing ahead<<
I'll say, Papaya. My last 2 trades were profitable. 2 shorts last week and 3 longs bought last Friday when the DOW was -216 and sold Monday morning. I was thinking: maybe tomorrow afternoon would be a good time to buy in anticipation of a post Labor Day rally, ala what Louis Navalier [sp?] said on Squawkbox this morning. Trouble is, the market is going down so rapidly there's hardly time to buy or sell short.....One stock I've been watching for a potential long is AVEI. Has held at 200 day ema through all this. Don't like the insider action, though. I'd like to make a mint on LTs gold, but I'm with you there. All gold does is tank with the market ALTHO it may be a buy later this year. How 'bout dem Drillers! Tried to short CDG @ 19 1/2 but missed it. In SHORT [no pun intended], I truly don't know what to do in this market, long or short. Thus paralyzed, I sit on the sidelines. BTW, if Thean hasn't gotten his new computer yet, he may want to consider a Presidential Model....all hard drive, no brain..... |
