We had 3 days of unusual trading at the close....and today an upgrade and a downgrade!
And we are down in a up market!
Is it worth staying in for the Div?
Well girls...it is time for me to short this piece of dung.
Looks like the PR machine spent its last and the downgrade is still in place and dividend almost done....
Down this week in my opinion
Longs are bagholders and should look at this as a gift...
Please keep it up an hour so I can average in my short
Consumer confidence drops to lowest since Feb.
By ANNE D'INNOCENZIO, AP Retail Writer Anne D'innocenzio, Ap Retail Writer 7 mins ago
NEW YORK – A monthly survey shows consumer confidence in September dropped to its lowest point since February as Americans' worries about jobs escalated. The report raises more concerns about the economic recovery.
The Conference Board says its Consumer Confidence Index now stands at 48.5, down from a revised 53.2 in August. Economists surveyed by Thomson Reuters were expecting 52.5.
The reading marked the lowest point since February's 46.4. It takes a reading of 90 to indicate a healthy economy.
Economists watch confidence closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong rebound.
The index is based on a random survey mailed to 5,000 households from Sept. 1 to Sept. 21.
Thanks, Mulletman - appreciate your posts.
I know it sounds naive, but I've learned (or maybe retained) more about stocks on these MBs than I did in my MBA finance classes.
I'm probably the antithesis of the "smart" investor - I typically invest with my heart instead of my head. Been burnt a few times with that approach. Also like rolling the dice for some risky plays (of which, I considered MEDX), but to date, it has been a very profitable gamble.
I'm hoping Ipi approval (whenever that day comes) takes BMY to the mid-30s or more. I won't retire rich, but I'll have enough to send my little Diablos del Sol to Tempe in 15 years.
Asundevil - Thanks - Will do.
In my opinion...
I do not think we will revist the 50dma at $26.28 or $26.50 in the near term. But I do think there is a date with $27 this week. Then BMY could resume upward trend unless significant news in sector or market slams everyone.
Not a fast mover either way.