because of the bad unemployment data, it actually may help out PLUS. Value play stocks will shine rather than growth stocks. Looking to TENT for value.
Nibbled on some BFT (Bally Total Fitness) today right before the market closed in between my deposition and preliminary hearing. Its a mismanaged company but I think the bottom is near. The number of members can not be ignored and the name recognition in itself is worth big money. Will look for a bounce tomorrow.
And write this down. I may buy PLUS tomorrow. I like what I'm seeing in terms of TA.
"And write this down. I may buy PLUS tomorrow. I like what I'm seeing in terms of TA."
It does look more sound technically. I would be happy with a sleepy climb throughout the year.
This has been an interesting year for me. I did extremely well in my short term account the first 7 weeks of 2004. Going long early, then shorting nanos later. It caught up with in shorting ELN which burned me. I made one other horrendous short term play on MSGI, trying to play momentum. Idiot!
My short term account is still up 20-30%, but I was up over 100% at one time. The difference between this year and others is that I am taking some money off the table before I throw it away.
In my small realm of the world, I will be surprised if the employment numbers are positive. And even if they are I will be skeptical. I support IT jobs, and still know far too many people out of work, and too few companies hiring in IT. At least in the Northern Illinois area. Manufactuing hiring may be up, but I beyond that I am a skeptic.