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Buy! DRYS and EBI
- Thread starter ptrjon
- Start date
Well I am betting small that we have a good Monday and possibly a good week.
Looking at the charts, I think we bottom near S&P 1100.
I got in MO and NRF Friday afternoon, and I'm ready to jump back in tech names once I feel a bit more confident.
Mostly cash right now though, waiting to see what happens Monday.
As for companies I'm watching for the bounce: MO (I really feel good about MO, it didn't come down much with the correction, and it's upcoming dividend announcement will definitely attract $$$), SWKS, FLEX, NRF, MSFT, TQNT, EMC, WIN, LPX, SPF, SKX, PFE
Once the Europe chatter begins dieing down, GE, PGF, C
Honestly, DRYS isn't bad just because it looks like it will clearly bounce once sentiment changes. But NAT looks attractive here as well, or look at DSX!
Looking at the charts, I think we bottom near S&P 1100.
I got in MO and NRF Friday afternoon, and I'm ready to jump back in tech names once I feel a bit more confident.
Mostly cash right now though, waiting to see what happens Monday.
As for companies I'm watching for the bounce: MO (I really feel good about MO, it didn't come down much with the correction, and it's upcoming dividend announcement will definitely attract $$$), SWKS, FLEX, NRF, MSFT, TQNT, EMC, WIN, LPX, SPF, SKX, PFE
Once the Europe chatter begins dieing down, GE, PGF, C
Honestly, DRYS isn't bad just because it looks like it will clearly bounce once sentiment changes. But NAT looks attractive here as well, or look at DSX!
Quote from NY_HOOD:
whenever i see an idiot recommending a former high flyer that is now selling for under 10 bucks,i automatically think he bought at the high and averaged all the way down.. that is foolish investing my friend and i find it hard to believe you are not under water. if you were making money you would not be posting on a forum looking for re assurance that everything is going to be ok. sorry,you screwed yourself. stop being lazy and buying former high flyers. do some research and learn about technicals and perhaps then you can post on a forum.
DRYS is yesrerday's news. what are you going to recommend next, TASR !!!!
wow, you totally just set me up, and knocked me down.
Actually, the only trade I've ever done with DRYS was a few months ago, where i did pretty well selling an ATM covered call. So far, I am optimistic that I bought at the right time here as well.
Also, a lot of people, perhaps including yourself, lose money "doing some research and learning about technicals". We invest differently, I hope you can accept that. I bought a company that is trading for half of it's book value, who has had a bad year and has potential to rebound with the economy. The world is steadily moving towards globalization, and dry bulk shipping will most likely be a growing business.
I could be wrong, but I was right with palm a few months ago when lots disagreed. ignore the crowd.