Tuesday, October 23, 2007

Good news IS a bad news

Just a quick note to myself - consumer is really taking it. Why? Wall St. cheering about American express earnings been up 11% - for me it says: the going has gotten tough and cash is scarce, therefore people have to put more and more on credit cards - another step on the way to "blowout top" for the market - short sellers of all world rejoice.

Wednesday, October 10, 2007

(TARR)*

Just noticed "cheap" stock which has been acting strangely last few weeks, some kind of "suspicious" activity indicating IMHO accumulation. Normally I would not touch stocks under $6-10, but since the feeling on the Street is that a lot of securities have run ahead of themselves, I think traders might be looking for "new blood". Here I go - has build substantial position during last 2 days.
Run (TARR), run!!!

Monday, October 08, 2007

(CTX) bounce coming?

Not much of a bottom fisher I am, but action looks interesting, range expansion lately, and I am not really talking about ATR ( Average True Range ), but rather "most statistically probable daily ranges". I'd be watching it next few days, so far it looks like there is some downside - anxious to see end of week action. As for tomorrow - breakdown below 28.30 would lead to some more downside and move above 29.20 might lead too quick long day trade.
Of course, that ( expectation of bounce ) would directly contradict to such acclimed "Investment Advisory Service/Community" as Motley Fool , but I was "foolish" before and still managed to make some money.
Have a profitable week everybody, just remember - what goes up - must come down ( sooner, rather than later )