Have to visit a close friend who is in hospital......
Hoping to post tonight IF i am back in time.
Enjoy the big move UP.....it IS a game changer.
Europe has been a major drag on the markets, now its lifted.
Think long term strategy.
I may add something on Friday.
Saleem
4 comments:
Stocktrader,
I know you have CLF. Are you going to hold it through ER today? Thanks.
Michael
Hey Michael,
I'm really not inclined to sell anything. Anything Q3 is "old news" at this point and iron ore is one of the most highly leveraged plays you can make on the economic cycle which appears to be starting a new upward trend. Also, any dips in stocks will likely be short-lived as fund managers try to find anything to catch up to the benchmarks.
For CLF specifically, any stock buybacks they did will look smart now, and the chart is staging a fresh breakout which usually indicates further price appreciation.
Ultimately, I'm not trying to outthink the rally at this point--I want to continue to hold good stocks.
Stocktrader
Stocktrader,
Thanks for your comment.
Michael
UP
any thoughts about apple??
thanks
C
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