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Message: Re: Finally made a trade again.

Mar 14, 2010 07:42PM

Mar 14, 2010 10:32PM

Mar 14, 2010 11:43PM

kim
Mar 15, 2010 07:05AM

Mar 15, 2010 08:37PM

Just some random thoughts.

It's a tough game for sure. The real key is to have a game plan, and not fly by the seat of your pants. Pilots who do that eventually crash.

You may actually be right about MTB & DEC - they look like they're basing. I never really understood drill results (or earnings reports for that matter), only the market's reaction to them. But that's all that really matters, right?

No idea what made ATW pop up. A lot of penny stocks do that on occasion, often without news - sometimes it's just a target for the pump & dumpers. Took a bath on that one, btw.

SQI - I think it eventually pulls back to the low 40s, but yesterday I thought it would pull back to .37-.38, so what do I know?

Market is overbought & sentiment is too bullish, so a pause or pullback is likely in the near term. However, internals are still positive, so a large drop is unlikely. I think our current rally can last another month or two. I am selling into this rally because I believe when it ends, we could have a major correction. I'm also concerned that the Venture exchange appears to be struggling of late. If it breaks trend, I'll be scrambling for cover.


Mar 16, 2010 04:08PM
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