Tuesday, September 05, 2006
Quick Alert: Feel Good Rally
Geez, EVERYTHING is up 2% today. Today's tape has the look and feel of panic buying. Even though the broader indices are hardly up, certain sectors (namely tech, metals) are-on- fire!
My sense: this type of speculation continues, but be very careful of a reversal. If and when the market reverses, the losses could be staggering.
Until then, trade away young man, trade away.
NOTE: Gold is great.
My sense: this type of speculation continues, but be very careful of a reversal. If and when the market reverses, the losses could be staggering.
Until then, trade away young man, trade away.
NOTE: Gold is great.
Comments:
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i was just about to ask if you had any idea why kry was up so much. thanks for the update
# posted by 
: 1:39 PM
: 1:39 PM
I don't get VSTH or TXCC - you could have still bought RMBS and done better in the first half hour after the trade.
Both VSTH and TXCC are NOT day trades. Naturally, I wish I knew what stocks would outperform on a daily basis-- but I don't.
I have just started buying VSTH and will likely continue to add to the position. It is a great story that is not recognized now.
Its a mini AKAM.
TXCC is my dice roll. Basically, I am parlaying my CMOS profits (made 25% last week) and rolling into TXCC-- because its "cheap."
Any stock that's a buck and change is a dice roll-- in my book.
As for RMBS:
I'd rather have my stomach roasted in hell than buy it at $17.
I have just started buying VSTH and will likely continue to add to the position. It is a great story that is not recognized now.
Its a mini AKAM.
TXCC is my dice roll. Basically, I am parlaying my CMOS profits (made 25% last week) and rolling into TXCC-- because its "cheap."
Any stock that's a buck and change is a dice roll-- in my book.
As for RMBS:
I'd rather have my stomach roasted in hell than buy it at $17.
Agree on RMBS (viz - stomach roasting) I didn't even trade it when it was $10. Still would like to know the story on VSTH.
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