Another thing to think about is the CRB index, and it is very weak, bouncing in the 180 area. Now, if you look at some of the oil/metal companies, they are as cheap now as these b/s internet brokers were at their lows.
Not saying they will move like those, but the potential is there, for sure. For my long term stuff I like to buy when no one else will. It is scary and lonely, but IT has never failed. Like BBY 2 years ago, on a split adjusted $5, when everyone thought their inventory control problems would finish them.
If JBOH rises at the open, I plan on shorting a pile of it, hopefully at the apex of the rise. |
