Sandra,
How are things in FL? Hoping that the storms pass you by! As much as I hate to admit it, being the eternal bull, I think that we will go much lower on the broader side of the market next week. This weekend should prove to be a pivot point due to all of the news, world wide, and domestic, that drive our markets. With the DOW closing below 8100 today does not bode well for us bulls. Hence, I will be trying to contribute those stocks that are the reverse of what we have been trying so hard to discover in the past. I do not like shorting stocks as it goes against the nature of our goal, however, mercenary as it is a gain is a gain.
Stocks making new lows will not be difficult to find presently, but finding those with the largest potential loss (gain) will be the key to making personal money for a portfolio that is down miserably (mine)
Let the games begin.
First for those interested OMPT just broke below a 52 week low at 13 1/2 nearest support is at around 8. The co. has never made money, as a claim to fame is a sub. of a larger co. IPO'ed less than a year ago and looks to be going lower. Subscriber base is growing, but at a less than industry rate.
Just the beginning and tired of losing
Ken |
