Well, DJ, Yes and No,
I bought MSFT at $80 1/8 today assuming the "rock solid support" would hold. It really aggravated me to lose money on this trade! Any of the other five that I had on the short list would have made me money. I actually have Pivot Points on all of the some 80 Big Boyz stocks. I just froze on this one when I should have shorted it when it broke $80. Oh well, tomorrow is another day.
Again, one should not celebrate when UK gets close to $55.50. History has not been kind; but, maybe this time it will be different? When the Big Dog stocks are selling off and the puppies are creating or challenging their old highs, it means the someone just applied a match to the fuse. When CHV's PE is challenging that of MSFT, it's cause for concern. When DE warns and CAT goes up, it should create a time for thought. But then, Goldman's IPO is tomorrow.
TB |
