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Message: If you don't know where you're going or how to get there..Read the 300 Club Hub

If you don't know where you're going or how to get there..Read the 300 Club Hub

posted on Apr 26, 2009 08:28AM


How long has our 300 Club been in operation now? Heck, I forget but…maybe a year?

E-Bear was the one that notified most of us of its upcoming formulation and its intent of Sharing Investment material for the benefits of readers.

The secret to making money in this market lies in knowing When to Buy, What to Buy and When to Sell. Some of us just aren’t the best at doing this so we lean to this site for smatterings of stock insights.

Keep up the Great Contributions Folks and any Newbie’s; don’t hold back, all opinions are treated with courtesy here. We all want to learn more on how to buy Low, sell High, find the Right Stocks, use ETFs, ride-the-winners to beautiful profits, and take The GOLDEN Brick Road to heights unimaginable.

Sounds good but really difficult and exasperating at times.

So, this past week it was an ugly day on Monday, the Dow recovered a bit on Tuesday, fell on Wednesday and then gained ground on Thursday and Friday. Overall, it lost something like 55 points on the week. Heard a chap on trustworthy CNN?? Saying that the market is still undervalued and the bulls are still in charge but to be alert to a change in market direction. Meanwhile, go with the flow and that's still upward.

Realtors reported that Existing Home Sales fell 3% in March to 4.57 million units, down 7.1% from a year ago. Sales of New Homes fell a minute 0.6% to a seasonally adjusted annual rate of 356,000 units in March and are showing signs that the housing slump may be ending. Jobless claims increased 27,000 last week to 640,000. U.S. crude oil inventories rose by 3.9 million barrels to 370.6 million barrels last week and oil prices also moved higher, settling at $51.55.

I noted that some Stocks mentioned to be in play were:

INT; KIRK; NRT; JOSB; CRMT; and NGA

Some Selected Canadian Stocks were:

CG; RBI; RCM; PLB; SXC; and ATA

The Bank of Canada lowered its key interest rate to a historically low 0.25% this week and promised to maintain that rate for 14 months. Foreign investors added $6.1 billion of Canadian securities to their portfolios in February.

Yet on the horizon, while Canadian investors acquired only $2.9 billion of foreign securities in the same month wholesale sales fell 0.6% in February to $41 billion and the forecast of TSX Earnings fell $0.02 to $1.90 which indicates a market scenario in which earnings and interest rates are falling, while inflation is rising.


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