Tonight I'm not adding any new positions, I have ideas but keeping money is a lot easier than making it. With the election in Mass over, there's potential for all kinds of things to happen. There are enough stocks posted the last several days to pick from if you want to play the market. I would do so on this condition-the market appears to show signs of a gp up and the stocks you select long show signs of a gap up. I suggest taking any significant profits and tighten up stops as we do not know what this will turn into.
I have a good feeling this could turn into a bear trap, that is why I urge you to consider taking any 1-day profits you might acquire. If the market gaps up and reverses on volume to the down side, it's ti,e to look at the shorts on ,y list of recent. Also FAZ or SKF, MZZ and TWM are worth dabbling in if that scenario seems to play out-you can always add and stop out if need be, just keep it reasonable. the portfolio I'm managing has gone nearly 50% cash and the rest of the positions are at 1% risk.
Keep the questions coming, finally I'm getting the emails. This is the best way for be to be of service to you. If I see something significant, I will post intraday so check back. Citi's earnings didn't seem to be received well by the street, at least in AH. This is the change in sentiment I've been sensing.
5 years ago
