You are right...definitely a lot of opportunity for day trading for huge gains. I really don't have that opportunity given my type of portfolio.
I would personally be selling into strength. The high growth stocks are too broken to bottom today even though Friday short-covering might be the mood for now.
I think there are still some quarter end effects happening as people are trying to mark up the good techs and the banks are lagging today.
Wouldn't you know...my one biotech stock that I actually held through the last time I was out/short but decided to sell yesterday with everything else, is up 10+% today...GHDX.
I stepped in to buy it up 10% anyways--the news was exactly was I was looking for to drive growth going forward. My portfolio can handle one stock even in the worst of times :).
16 comments:
HI Stocks100
I think gold have see the low of this pullback, that is why i add instead of sell. Just asked yourself if you rather keep gold or paper money
HELLO all
My thoughts exactly no paper here GOLD!!
I still like my safety stocks --MO, JNJ, KMP, GIS. CLX which is recovering form Karl Icon debacle
I own them and like them all in my 401K account for income and appreciation....
APPLE is coming back up a little
Looks like buyers are here again
C
Hi Up,
Gold is building base now....
Saleem
Saleem,
BIDU is up. It will break the resistance very soon. There may be light at the end of tunnel.
Michael
HEY Michael
Yes looking v good
even apple got healthier
I see more green then this morning
Smile
what you buying>>>
Hi Michael,
This is a crazy market, BIDU was @ $100.95 less than 2 hrs ago....now its $112.....this is not investing..its gambling....
Saleem
Hey Saleem,
You are right...definitely a lot of opportunity for day trading for huge gains. I really don't have that opportunity given my type of portfolio.
I would personally be selling into strength. The high growth stocks are too broken to bottom today even though Friday short-covering might be the mood for now.
I think there are still some quarter end effects happening as people are trying to mark up the good techs and the banks are lagging today.
Be careful everyone! :)
Stocktrader
Hi Stocktrader,
12% gain in two hrs...is scary.
This is better than casino & racetrack..where even 2 to 1 odds does not win 90% of the time?
I am extremely uncomfortable with12% to 15% intraday swings...god forbid IF you are caught on the wrong side?
Saleem
Hello
Saleem
We all got caught in the head lights ( like a deer).
some of us froze and some sold. I did some of both
W Buffett says we are NOT in a recession.
Lets see how we close--any predictions?
Peace
Hi C,
We all have to live with our own decision...sometimes "rational decision" lose..sometimes "irrational decision" lose.....
Only time will tell.
I see no reason for a green close.
Saleem
Hey c,
I am very bearish into the close because of the MS fears. I don't want to sound alarmist, but please be careful.
Stocktrader
HELLO Guys
There are some very smart people out here
I am certainly not one of em
I am always learning
thanks to all for your generous replies
C
Hey Saleem,
Wouldn't you know...my one biotech stock that I actually held through the last time I was out/short but decided to sell yesterday with everything else, is up 10+% today...GHDX.
Timing is everything...
Stocktrader
Hi Stocktrader,
We all have to believe that what is not in the cards, you cannot get.
I am sure you are way ahead by selling other stocks.
Saleem
Hi Saleem,
Great points.
I stepped in to buy it up 10% anyways--the news was exactly was I was looking for to drive growth going forward. My portfolio can handle one stock even in the worst of times :).
Stocktrader
Hi Stocktrader,
Good luck in your faith in GHDX...conviction is a must in this environment...maybe next 20% is yours $$$$
Saleem
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