OK, I'm putting on my guru hat here....
Monday...sell off continues. Down day.
Tuesday...bargain hunters, dip buyers, fund managers come in to buy (especially after better consumer conf numbers). Up day.
Wednesday...last chance for funds to buy to beef up their portfolio. Up day.'
Down, up, up.
Just my opinion with my reasons listed.
I was right before about Sept being an up month.
congrats on your rimm. nice bounce back 2 days in a row.
if it hits that price 2 days ago, i'll buy in. at least it's a temp bottom.
Yeah, everytime you think MA will collapse, it bounces back huge. and I think to myself..."OMG! I can't believe the strength of this stock!"
I'm already in GS. I will be in MA soon.
my RIMM buy is still working...MA...I have sold this thing before and each time I regret getting out of any of my position. So that said...not selling here...also look at the % owned by institutions...
Moving MA up to a strong buy at these levels
Hey hey, good luck to you too. Just guessing. Once we get thru October we enter the most bullish 6 months for the stock market historically so seems like the logical direction is still up. I am just a slave to the tape.
vassar, two big thumbs up for you take on the markets the next few months. I also like your stock picks.
I got some GS today, got AAPL back when it was around 165 and holding.
I'm looking to get into MA soon. Bouncing off that 205.
RIMM is moving up nicely today with very large volume. Very nice!
RIMM is moving higher today...at 13.75 forward multiple RIMM is cheap...I think the trade will go the other way and all the shorts and put buyers are going to get smacked...66.18 needed to get broken and RIMM held above that ... 200SMA is below $63...but you have to watch for a breach of of closing prices between the current price and the 200 sma...and 66.18 is the close that needs to broken next...if that is not broken them RIMM will move higher.
it always does the exact opposite, just like all the "experts" were "predicting" a bad Sept (except you!)
If only the Mkt would do what i is suppose to do --we would all be very rich!