Do enough people on this board trade regularly to make this a good thread?We could talk about trades we have done or strategies.I will start in the next post if no one posts I will let it die.
Bought UYG today at $3.05 looking for a quick 10 points.It then found a new 12 month low of $2.85 about 1/2 hour later.Ran up at the close to $3.22 but did not hit my trigger.Think we will get a mini rally of 200 points tomorrow.Good Luck
I've mentioned this a couple of other times: CREE, makes LED's...I bought in at 15 but this puppy still has plenty of room to run. Great "green" stock.
Another that I think is appropriate to buy now is AAV; canadian oil trust, is currently at a low, will rise with oil and pays a huge dividend.
Day traders are controlling the market now. No news effects it either way. I am following a few trends and have gotten lucky this Winter. Just buying low and waiting for up ticks. Making 8 to 15% is a good target now. Too risky waiting for 20%
Did not get any bounce today don't think anyone wanted to hold over the three day weekend.Three days is a long time in this market we shall she next week
July oil futures went down another dollar to 46 don't think we will see oil any where near 60 any time this year
Next week there should be a bounce above 8 maybe Tue or Wen will be short lived though.I think this is going to be a sell on the rumor buy on the fact deal though.Probably lead by financials I am hearing a lot of rumors that they may restrict short selling again
Sorry in advance for the rant....But did you see the cover of Barons they think the only way to fix this sub prime mess is to take 25% off every sub prime mortgage.Are they f***ing kidding me.I am not renewing that magazine has gotten way to liberal.Banks that have become insolvent need to fail if you can't afford the house you are in you should not be in it Sorry.I want a 38 lightning with 700s I can't afford it right now maybe I will just borrow on my house default and let the government bail me out.I am usually more bullish but this is going to get bad this year we will come out of it but it may be a few years
I feel like tomorrow is groundhog day for the market.If its down we have a long way to go if its up we may pull out of this by years end.July oil futures went down 7.5% today so fuel looks to be staying down this year see what happens.