Blog updating:
We got a few new friends from Thailand, Italy, welcome. But most of you are located in US (200 of unique visitors), every day we add 20 to 30 new visitors.
We have more than 400 unique visitors now, totally you have visited 1,498 times. Thank you.
Market picture:
Market found a bottom at August 16th, now the market tries to re-test the bottom. While anything can happen in the future, but most likely this is just like last a few times, buy on dip is the right strategy. Smart money bought NASD more than any other index. So next section up most likely be the technology. So be prepare.
Remember, when I say re-test, it does not require that we go down to all time low whatever Aug. 16th's tape created. It only requires that it goes down a little and finds a lot of support, the big guys jump in, print a heavy trading day, then we are done! There is a hole on the VIX index, when this hole gets filled, market soars.
Next two posts will be - Money Management and Big Pictures, so come back to check often.
I still reiterate buying ABMD and RZ. I bought a few shares of ABMD, it ran up nicely, so let's work on RZ:
This particular strategy is very aggressive, looking for strong stock got a recent dip. RZ went from $6 to almost $16 in 6 month and Aug. 16th got an exhaustion, dripping down ever since. Recent earning report was a positive suprise, smart money bought into it. If the big market turns around, it will continue to go higher. Similar to CFSG. It got a positive CMF > 0.10, getting close to 20 SMA, it has been it's support. When it gets close to it or touches it, it will fly again.
Again, investing involves risk, nothing is a sure thing, it can break through this time. So risk only certain percentage of your money, give it a few days to see what happen.
Good luck,
Swimmer
Thursday, August 30, 2007
Wild, Wild West
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2 comments:
good to see your wife gave you back your computer-or are you using her's still?
thanks for telling us WHY to invest not just what to invest in!
the WHY -is the most important of details-so keep up the good work we are watching-and LISTENING so dont be afraid to type up lengthy essays into all important subjects-we need to keep up with the big boys to make money!have a nice weekend(if there is such a thing anymore)
Hott,
Yes, she gave back my computer, it's a long story. Thank you and have a nice long weekend, too.
I will put up some comments in the weekend. Thank you guys for coming back.
Swimmer
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