Tim Seymour thinks the market has the momentum to climb to 1140.
Brian Kelly thinks the economy is not weak as he thought.
All of these indicate the confident of the bear camp that the market will head higher. However, you have acted contrary to those analysts and won many times. I am still 100% invested in the market. I will try to reduce my exposure by next Monday. Hopefully it will be an up day...
hi saleem great posts!! with GE raising its dividend to .48 for year is it safe to assume the pps will rise to reflect their average yield of around 2.6% that would bring their pps to 18.46 thanks again charlie
5 comments:
Saleem,
Tim Seymour thinks the market has the momentum to climb to 1140.
Brian Kelly thinks the economy is not weak as he thought.
All of these indicate the confident of the bear camp that the market will head higher. However, you have acted contrary to those analysts and won many times. I am still 100% invested in the market. I will try to reduce my exposure by next Monday. Hopefully it will be an up day...
Michael
Hi Michael,
Thanks for your feedback.
Tim,Brian & me ...are all trying to make money in this market.
It is not important to be right all the time but @ least more right than wrong.
The more important thing to remember is that we are staying ahead factoring risk/reward ratio.
I am very aggressive near bottom & chickened out before the top is reached.....
This market has tricked many of us....CNBC is very euphoric now..that is my biggest "contrary indicator"
I have allocated only 50% funds to be in current market only 40% invested in two stocks.
How we close on Monday is more important than open.
Brian Kelly euphoric & I go Neutral on this market.....
It is important to be "comfortable with your exposure"...which varies from trader to trader.....
Saleem
hi saleem great posts!! with GE raising its dividend to .48 for year is it safe to assume the pps will rise to reflect their average yield of around 2.6% that would bring their pps to 18.46 thanks again charlie
Hello to all
I like the GE story
I have a core position that I trade around
I am expecting a nice run again
Good luck
and the Divi keep giving while it goes p
Hi Charlie,
Thanks for your feedback.
GE is looking much better with share buyback & raised dividend...
Looking @ short term..first resistance is $16.50 area +-...then it is $18 area +-...
Medium term resistance is $19.50 area.....
SO..if you have a 12 month time frame GE should be $20+.....
Saleem
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