Just curious - what "tons of good trades" are you seeing? I've been kind of absent/out of sync lately, so I don't have much on my screen.
Well I am betting small that we have a good Monday and possibly a good week. Looking at the charts, I think we bottom near S&P 1100. I got in MO and NRF Friday afternoon, and I'm ready to jump back in tech names once I feel a bit more confident. Mostly cash right now though, waiting to see what happens Monday. As for companies I'm watching for the bounce: MO (I really feel good about MO, it didn't come down much with the correction, and it's upcoming dividend announcement will definitely attract $$$), SWKS, FLEX, NRF, MSFT, TQNT, EMC, WIN, LPX, SPF, SKX, PFE Once the Europe chatter begins dieing down, GE, PGF, C Honestly, DRYS isn't bad just because it looks like it will clearly bounce once sentiment changes. But NAT looks attractive here as well, or look at DSX!
wow, you totally just set me up, and knocked me down. Actually, the only trade I've ever done with DRYS was a few months ago, where i did pretty well selling an ATM covered call. So far, I am optimistic that I bought at the right time here as well. Also, a lot of people, perhaps including yourself, lose money "doing some research and learning about technicals". We invest differently, I hope you can accept that. I bought a company that is trading for half of it's book value, who has had a bad year and has potential to rebound with the economy. The world is steadily moving towards globalization, and dry bulk shipping will most likely be a growing business. I could be wrong, but I was right with palm a few months ago when lots disagreed. ignore the crowd.