So far the DOW hasn't been able to close over the 8000 mark since February 9, 2009. We came close last week with a high of 7931 and we are now back below 7800 again.
One thing is for certain….it has been anything but a boring year in the stock market. We had an opportunity to chat with Tony Spann about some of his picks. Here is what he had to say…"Well, I can't tell you the number of people who laughed in my face when I told them I was buying Ford Motor company when it dropped below 1.25. Some people I talked to even asked me, "What are you going to do next…buy AIG?" I laughed along with them and said that "AIG looks too good to pass up at 35 cents a share."
Well it doesn't look like they're laughing at Mr. Spann now!
Filed under Stock Trading by Tony
We have been given a sneak peek at a stock trading system or more specifically a trading system for the QQQQ.
As an example of "getting it right" this system went short on September 4, 2008 and rode the QQQQ from 44.85 all the way down to 28.49.
We are going to keep you posted share our sneak peek at this system that is doing way more than holding it's on in these troubled economic times.
Filed under Stock Trading by Tony
In markets like this we often think of surviving more than thriving. We worrying about our equity in our investment portfolios and retirement accounts and just want to stop the bleeding in most cases.
The current state of the stock market is a time when many smart investors are actively seeking and taking advantage of the many opportunities that they see before them. Those who trade based upon volatility will have all the trades they can handle.
So what is your approach? Are busy limiting your losses or looking for ways to extend your gains? Your attitude and actions during these trying times can put you well ahead of the game in the coming months and years.
Filed under Stock Trading by Tony
We will sell C - Citigroup, Inc. on tomorrow's open.
We closed out our long trade in BAC - Bank of America at a profit today.
Filed under Stock Trading by Tony
We will buy BAC - Bank of America on tomorrow's open.
We closed out our short BAC trade today at a profit.
Filed under Stock Trading by Tony
We will sell BAC - Bank Of America Corporation on tomorrow's open.
Filed under Stock Trading by Tony
We will buy GM - General Motors on the open tomorrow.
We closed out our short position in BAC - Bank of America Corporation at a profit.
Filed under Stock Trading by Tony
We will sell BAC - Bank Of America Corporation on the open tomorrow.
We bought AIG - American International Group today and closed out the trade for a profit.
Filed under Stock Trading by Tony
We will buy AIG - American International Group on the open tomorrow.
Filed under Stock Trading by Tony
We will sell GM - General Motors on the open tomorrow.
Filed under Stock Trading by Tony