An indecisive market leads to a lower close........
Hey folks,
Everything seemed fine at first...Dow was up big, NASDAQ was up big (The sharp rise in Industrial Productivity helped out a lot). Then there was the fall. I am not happy with todays close. Trading volume was light and uninspiring. I thought December was supposed to be THE month. Well if it is, it better start playing catch up. Just when I thought today was a going to be a breeze, the market pulls a fast one on you. Oh well! It is what it is. Still today was not without its winners.
The penny stock I mentioned yesterday (XNSX- an alternative energy play) spiked up big today. As a matter of fact, at some points it went over +60%! Nice! I didn't get to position myself into it in the morning (had a final exam). I had a bid for 0.50, but it never really ventured to that level again, lol. Tommorow is another day!
QSC did just fine today
as did PLXS
GMK went up a little
while ACH took a dip
QDEL also finished lower as did SLXA.
Gold stocks were very impressive today as were certain Steel stocks like GGB
posted by Nick M. @ 5:30 PM
2 Comments:
Hey Dave,
I hear ya on the cold part. Even though it snowed a little here, I'm sure its worse in Chicago (especially near the Great Lakes). I agree, both Nat. Gas and Heating Oil will probably climb higher. I've been taking a look at their charts and they seem to have bottomed out. Which is why I belive Heating Oil and Nat.Gas options would be an attractive play. I will try to post some pics of the charts when I get a chance-they look very interesting. I am also wondering how the retail sector is going to fair with higher oil/gas prices, especially X-Mas season. Are they still going to continue their climb or is it going to be cut short?? These are the questions bothering me right now. Me, I'm leaning more towards trading. I need quick, fast trades. Although I am always on the look out for good investments...they are hard to find..but I think ACR is one of them. In the past, I invested in VPHM, GLW, and CNX. Although VPHM went up fast, GLW and CNX seemed to take forever! So thats why I am more into the "wam-bam-thank-you ma'am" kinda stocks, lol. But its all good, what ever works, right?
I like GOOG, but Im just being cautious on it, thats all. Its good that you didn't put too much $$$ into it (then again, to buy 100shares ya need over 40g'z, which is ridiculous!).I like CME and TIE (TIE the most though) And if you like TIE, take a look at ATI, GTI and SGG. These are in the same industry group and are poised for runups as well! Also becareful with CME. Its basically hanging off the 50day Ma. It needs to hold onto this region and build a solid base pattern. Keep an eye out for institutional support (significantly above average volume on an upday for CME-would mostly be institutions buying)Anyways, I'm off to do some hw and then chill with the missus. Later Dave!
lol hey Dave,
I don't think anyone of us would mind a "wam bam thank-you ma'm" stock! They can be the best kind for a nice quicky (some fast cash) but then again, they can leave us high and dry (less predictable, like a ho, lol)
Dang, it sounds like crazy weather out in Chi-town! I thought we had it bad, but you guys have colder weather it seems. Don't get me wrong though, its freezing in NY as well.
You definatly have the right attitude when it comes to investing, I like that. Accumluating shares of top-notch stocks on the dips IS a good way to slowly increase your position and ultimately to increase your end net profit! Great thinking! Yeah I know, we both had to accumulate GOOG at a 5-10share rate...its so high in price! I also missed it when it first IPO'd. It came out before I was into stocks, and investing etc. I did notice it when it was under 200 though. So I bought some then and ultimatly I bought some when it was at 250. I already sold out though for a profit.
I agree, sometimes it does pay off better if you stick to the market as an investor when they are bullish. I try, but I am in this game for income as well as the long run. I'm happy if I have a string of trades that can be profitable and set me up nicely for a week or two. Then again I also like longer term trades or investments (helps pay off college tuition, lol). Still I know Im trading the market when I should be investing. ACR was arguably my favorite investment. Now that I'm done investing it, I'm tryin to trade it when it dips.
I can't front, you did excellent with the SFP and DCEL. I see that DCEL is trying to come back and is very close to a new breakout! Anyways, good luck with the TIE, GOOG, TIE and CME! All 3 are excellent picks and definatly this bull markets shining knights! I wouldn't worry bout GOOG (its resting) or TIE (but dont be surprised if it dips a little cause of consolidation or profit taking). Also even though CME has faltered a bit, I believe its strong enough to pick itself up!
Lol thanks Dave! Anyways, I'll talk to you later! I finally finished with my Buddha paper! Yes!
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