why would anyone want to hold onto stocks over the weekend. All it takes is Lybia to blow up their pipeline and this market tanks
no upside to buying a stock today, I do see a small rally next week maybe but we will close down for the day
"why would anyone want to hold onto stocks over the weekend."
1. Most of the bad news/scenarios for Libya priced in. However unlikely, maybe some "positive" developments occur? No signs this is going to spread to Saudi or Iran immediately.
2. "Merger Monday" - announcements of any large acquisitions usually support the market.
3. Tuesday is March 1st. It is well documented that the 1st day of the month has been very strong for the last year. Personally, I think counting on that to continue is very risky, but alot of traders will keep playing it until it stops.
I closed out all my SDS on Wed and TH. Adding a small position here just in case anything crazy happens. Likely won't add heavy until we break 1295 (I don't think it holds if we go there again).
From a 16 handicapper, I bow to your golf prowess. :-) That takes a level of time and dedication that I just don't have. Wish I could, but I can't.
Regarding stock picks, you're in good company. :-)