Hmmm.. moved out of a lot of positions yesterday and - see what happened today. All technical. Surprisingly, most of my sales are holding up pretty well. RIMM was the only one that makes me look good for selling:)
AGCO is one stock that's been riding it's 200 day really well. Also consider VIP. There's tonnes of stocks that are looking good - but don't be like me and try to own everything. You probably want to pass up the oldies like GOOG and AAPL - you might double your money if you're lucky - but how much can market cap increase from 150b? You're better off with the hotties - solar, natural gas, etc. Berkshire is looking really good BTW - from a technical standpoint. I wonder what happens to that stock when Buffet pops it.
Wednesday, May 21, 2008
Friday, May 02, 2008
Why Technicals?
It depends on the market you're playing. The US stock market is dominated by traders, not investors. Even a trader is an investor. That explains that a good company will be sold by those traders that have a profit. That will send the stock down. Also, if too many investors get onto a good company, there are no investors left who want to buy and the price has to be lowered to entice buyers - also leads to a pullback. So, you better have your basics right.
Looks Good, Early Days Yet
Plenty of stuff getting ready to take off. Do some research on technicals - so you know when to sell out with a small loss. RIMM, ADBE, ITU, MA, PCU, PBR are all looking good. ICLR might also be a good one. Some might not be safe to get into now though.
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