Yeh..think so . I sold most of my aal and bought eog and isis. Holding fas and ibb.
Keeping some powder dry. Waiting to see if we dip a bit? may not be much even if we do pull in..market could just flag for awhile.
looking like it may finally break over 42 area? I'm impressed so far with the market. If we don't have a meltdown by midweek things looking good. I would take a look at eog it's holding well..below 90 a bargain..imho
relative strength looks good. Don't know much about the company. I'm not a big proponent of buying at the open..depends. I'll give a watch in the morning.
I've been on the road. Still have no idea where we go next week. I think we could reverse?
If we do I'll be watching volume on the decline and if we are able to regroup and go higher. Then I think some kind of bottom is in until the end of the year. Otherwise this is just a wild short covering rally with Johnny come lately piling in. Have a good weekend if you aren't gone already. :)
Agree not sure it's over..I do feel this is rotational and some stocks may have bottomed ie airlines oils etc. they led the sell off and then semis tech and the high flyers.
Can you believe the noise over the last few days? Aal was 28 area got to 33 today. Eog 81 area during the Monday plummet got to 92 plus today. Too many to mention with 5-10 pt swings. So many stocks on sale.
it's crazy out there..Some stocks seem to be bottoming and have rallied off lows and holding. Others are still bleeding. I do think we are finishing out the bottoming process. Have a great trip whenever you set sail.
a couple yrs ago I bought way out of the money puts for .20 ten to be exact. It tanked after earnings sold them for 1.50 next day.
Holding ibb and fas.. I may be a bit early. aal eog I've been selling calls as they rally. I've traded in and out of my short calls two times now and aal is now positive.ave cost 29.50. I'm down very slightly.on eog. You can definitely buy the dips and trade out as we bounce. Not sure this is over yet. Also watch stocks stabilizing and making higher lows. It's gonna be wild ride for awhile. GL
still thinks it's way early for travel ban certainly domestic. But flights from infected countries should likely stop at some point. Eventually with pandemics everything has to come to a halt to stop it's spread. From what I've read you need 3-4 weeks before the infection trails die out.
Totally concur..I think airlines are hostage to Ebola news but I would buy on dips. Should be traders market but you'll need a strong stomach. Even bear markets can very powerful bull moves.Just buckle up and keep a cool head..lol challenge for me. Minimize drama. And pick the right stocks.
case aal was 29 area earlier today..was up 3 pts from low. Actually doing well now with aal I bought last week. Just not sure if this will fade at some point. Wild times..buy dips and sell rips seems the way to go for now.
thanks cle..kind of like an extended rubber band. Just wondering what the snap back will be like? I think we're in for big swings..
Looks like it now..airlines up. How long it lasts?? I'm looking at some tech but taking my time. These may have more to unwind. Biotech also but don't feel it's a rush. I bought ibb and fas last week and fas holding up. It was so bleak yesterday a bounce was inevitable. With vix above 20 it's serious selling and it's not going to stop on a dime but the occasional respite. The resumption of profit taking and how bad it gets or not may be a sign the bottom is near or not. Blah blah my take. Lol