MG, Re: Trading Places
Those are sure weird hours that you keep. So, when do we see MG.com? Hey, even TG is buying internutz stocks, and it sure looks like he did well on Friday.
I'll add SC to my list, place a few trades, and report back. We probably should add BA to the basing stock group. IMHO BA is a lousy company, but the stock sure smells like a basing stock. Another company beginning with S, S, is probably in the same group.
My current broker is cramping my style. Seems that they don't like me putting an entire portfolio in a stock two (or more) times during a day. I wrote them a nasty gram the other day, as it seems to me, if I close a position, their risk is zilch. I look forward to their answer.
Unfortunately, due to technology and system constraints, I found that I can only really deal with one or two accounts at a time. Thus, I'm getting more and more into s/t position trades. For example, put advance orders in to buy the basing stock at a set price, and, when I get it, turn around and enter the sell price. I've been trying to work this out knowing that I will shortly not be able to monitor the stocks in a real time environment.
In the meantime, I hope the powers that be drive CAT back down below $43. Unfortunately, every other time, it seems to stop at $45.
Our oil service sector sales now seem very timely. I got mine coming into a buy zone again. It sure seems to take guts to pull the trigger on this group. However, they sure make nice moves! I just wish that I had not looked at the Fundamentals. Buy GLM about $9 and sell it a little over $10, until it proves otherwise. Looks like another 6 months to me.
Berney |
