Well, I thought I'd be happy to see a rally and I am, but I really would have rather had 3 days gains of 125 a day than this. I was glad to be able to trade today in 3 parts, in the morning getting the most from my Friday call options, then spending mid afternoon with small caps(or rather large stocks that came to look like small caps), and by late afternoon back into the internets again which were so elusive this morning. A good many stocks were up between 13% and 17%.. Stocks like CNK, MSPG, CMGI, GADZ,ELNK, Some of past stocks that never seemed to gather any get-up and go, got up and flew today.. like AEOS, CMVT, ASND,CMGI.. It would be nice if I can now follow my 50 day moving averages again, which is my favorite MA to play off of. It's been a trial with the 200 day moving average and even lower to deal with.
I expect profit taking tomorrow, but I don't imagine there will be a gap down in the morning. More of a fade-out probably. Watch lists tonight will be similar to the others in the last few days. Again, I'll keep the smaller issues separate. Do not forget them in your haste tomorrow. Remember it is better to make 17% on a 10 dollar stock than 7% on a 50 dollar stock. |
