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Market Will Rebound Tomorrow or Day After Tomorrow
Rating: 1.83 (6 votes)
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My technical indicator tells me that the market is oversold and is ready for a rebound. I may be wrong. Only time will tell. Too many stocks are in oversold conditions including many big tech companies such as INTC, DELL etc. The markets were very volatile lately. The mood can change from very bullish to very bearish in no time. Many of my holdings got hit today but my portfolio as a whole did not suffer as two of my solar stocks did well. LDK gained nearly 20% on news that its accounting is clean. CSUN gapped up 10% at open and I sold most of it at its high. Only SOLF lost 8%. I set a high alart on solar stocks after their quick and big gains over short period of time. As a result, I only hold three carefully selected solar stocks at the moment. Right now, most of the momentum are short lived. I sold DNDN quickly today when I saw the momentum lost its steam. Happy Investing. | ||
Comments (2)
James,
Great moves today. Goodluck.
Posted by stocksshah | December 18, 2007 12:13 AM
Emir O'Stox
James Grant is "Minding Mr. Market ".
& that's a GOOD thing.
Grant 4 FED Chieftain !!!!!
Don l Ferk ( aka VikingWarrior )
Posted by don ferk | December 18, 2007 4:18 AM