$cost- Thanks for your comment. I bought 200 shares at 15.15. Just a "toe in the water" at this point. It went lower after I bought it, but is recovering nicely with the market now.
My sentiment changed yesterday.....And I bought lots of stock.... Will this just be a bounce, my thoughts are this: We got expiration coming up next week and institutions look like they are in a buying mood.....I thought we would chop around for a while, but that 1235 touch on the S&P yesterday and a bounce off the 200 day MA for the DOW and Russell 2000 were enough for me to start picking up beaten down stocks in the most beaten down sectors......The Market through a sale yesterday and I went shopping.....My best guess is at least a +2% rise in the Markets over the next 6 trading days.....So I'm loaded back up with loose stops.....Will I sell the bounce after I get +8% gains on some of those old favorites like Steel, Rail, Miners (Non gold), Petroleum, Infastructure, Titanium and others.....I may just take the money and run......Do I still have a bearish sentiment?....My best answer to that is "I felt like gambling".......I missed the 1st freefall and if it happens again oh well......I will just sell as soon as I can and get back out and wait... $COSTAverageMAN
I got a Forum started in Strategy Trading and will post a fund every day or so......Pretty interesting to see how the pros diversify...... Could be worth looking at, but Gendell has "some" pretty non liquid stocks..... Many other funds I follow are much better
What's your sentiment about the macros at this point $cost? Will we really have a recession in 2 quarter's time as some of these sell-offs suggest? Stagflation? I'm kinda sceptical about all this panic... but then again only the market will show whos right
Well my sentiment has changed to bullish at least for a short term pop.....No telling how bad Ben will screw things up, but as long as earnings come in strong we should have a slow and steady market....I'm not expecting anything great for the indexes for years... Inflation is a completely different story...If we actually new how much $$$ our government was printing that would help or If the govt. pulled out all the B.S. adjustments to the CPI and PPI we may not like what we see.....However, this will be a sector and stock pickers market....I have all ready experienced this recently....All my defense is steady and climbing..... Not the best answer I have ever given, but it is still early in the morning and I'm not exactly sure were we go.....Just like everyday... I have posted a new fund in Strategy Trading under Professional Diversification Thread.... $COSTAverageMAN
No I didn't invest in VSE....It just gapped up way too much for me to like it..... I did however play the ADM and PEIX ( Bought on the 13th ) going into the VSE IPO.....The ethanol sector all gapped up and I got rid of PEIX and am still holding ADM..... $COST is very happy with today!!!!!.....I "hope" this last so my call for a 2% move in the indexes comes true......From a previous post... $COSTAverageMAN.....
This could be my most profitable day ever..... I'm taking profits.....Been a net seller into today's Ben rally..... Just thought I would let people know....
WOW......take the money and run!!! Just my thoughts......I had way too many companies up over +6% today and +4% yesterday..... Took my profits and going to let expiration happen without me.... $COSTAverageMAN