How things can go from bad, to really bad and downright ugly!
Hey Guys (this implies females too)
today's market performance was not only uninspiring, but also down right ugly! It seemed that most profits were eaten up and spit out like bones over the pessimism of warnings concerning company profits and upcoming earnings! Unbelievable?! You would think that after a few months of oil and gas prices rising, that this news would already be factored in! Not necessarily, since the market reacted as if it was completely caught off guard! Gee, I could have told you that months ago and my last name isn't Greenspan and I DON'T work at the Fed! Well anyways, no matter how much I rant, nothing good can be made out of it. What work one day, may not work out the next. It seems as if investing should be thrown out the window in this type of market. This is a TRADERS market...pure and simple! It is the type of market that a trader can profit from and a market where an investor has to contemplate whether or not, he or she should sell her WTSLA because the stock has taken a nose-bleed dive down a few dollars from where it was bought. And they say this is supposed to be a bull market! I kid you not! Technically this is supposed to be a Bull Market! I don't believe it! Gee, I can't wait to see how a bear market would be (sarcasm)! Anyways, if this is a bull market, this must be the lowest, most awful bull market possible.
But we can't complain. No matter how bad a situation is, there are always certain stocks that are still going up and making money! I mean, look at Portable Player (PLAY)! It managed to go up +8%! Not bad, while the DJA is down -94 points! Look at Nutrisystem (NTRI) and DXPE! Both performed very well today as well! So we know the point, right? Good! That way, at least I don't have to repeat it!
Anyways, I'm glad I got this off my chest and off my finger tips! And since you scrolled down this far to read what I wrote, well thanks for listening...um I mean reading!
Well now I'm off to do some HW and then some stock searching for tomm! I will write back a little later when I dig some stuff up! Later ladies and gents!
2 Comments:
Hey Dave
Thanks for hearing my ranting! I just had to let out some of that frustration! Now I'm good! Believe me I still like DCEL because its technology is important! I think that DCEL will shine as a long term trade. This requires patience in this type of market. Its going to take patience. Don't forget the stock has more than doubled, going from $1 to almost 8 and a half! The stock is still over its 5o Day MA. The only thing is, momentum seems to be slowing down. I'd like to see more volume though. MEMY is in great shape since it just started its run! This stock is headed to $8!! The new picks are posted, Dave! Good luck to you with HW and trading (both can be very difficult,lol)
later Dave,
Nick
its all good, Dave!
I put some other picks up as well. The other picks are the stocks that took a beating these past few days. Most are oil related stocks, but others like CUTR, and VPHM are good buys as well! Also note the strength of PSAI and BDMS and a few others! Those are the stocks I want! Stocks that can stay up when we have crap days like today, are very strong! Also BDSI and CFW ran up a few points! Later, Dave!
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