New Stocks to watch - Page 6

bigfrank · #51 (**permalink**) 06-20-2008, 12:03 PM

I knew I should have taken my profit and run, Delta getting hurt today.

vintner · #52 (**permalink**) 06-20-2008, 12:44 PM

MOS has gone back up over 3 points.

I shouldn't complain. I made profit and will move on.

Guess I will spend part of the weekend researching stock for the next gainer.

shaggy · #53 (**permalink**) 06-20-2008, 02:58 PM

I had a meeting with my old boss's stock brocker. He has made him a pile of money over the years. I really liked him . He does everything from Charles Schwab. I liked his ideas so much better than Wachovia Bank. I'd like to do it own my own but I don't trust myself. I will keep some to play with.

It's kid of eery to hear myself saying I have enuff to get a stockbroker. I'll let you know what he recommends. shaggy

bigfrank · #54 (**permalink**) 06-20-2008, 03:23 PM

Oh what pain

Elan · #55 (**permalink**) 06-23-2008, 11:08 AM

Quote:

Originally Posted by vintner

Sold MOS and RIMM this morning. Took nice profits on both. Both dropped after I sold them.

I am primarily in cash, market is under 12,000. I am not comfortable with this week, I think it is 4 down days with only 1 up day, and that was a weak up.

Unless I see something change, I will probably be in cash for a while.

Agreed. I am basically short the market and long select stocks. I can't see any reason to get excited about being agressively long in this market until one or more of the major averages busts thru it's 200 day moving average. The Nasdaq did (weakly) in mid May and early June (and looks to be the strongest of the major averages) but has since retreated. The S&P and the Dow both failed tests of the 200 SMA in mid-May.

Elan · #56 (**permalink**) 06-23-2008, 11:10 AM

Quote:

Originally Posted by Elan

Bought XIDE last week at 13.65 on the pullback to the 50 SMA. Now at 15.88. Chart still looks pretty good, but it may be swimming against a down trending market short term.
Financials look weak, so I shorted the sector by going long SKF today. We shall see..............

Still holding SKF. Up 29% from my entry. Looks to be headed higher. May pull some off the table and let the rest ride.

Elan · #57 (**permalink**) 06-23-2008, 11:17 AM

Got lucky with some GSI. Went long at $10.30 on Thursday. Now at $13.40 -- up 30% in 2 days on huge volume. Momentum driven stocks always make me nervous, although I did buy this one for a longer term hold......

GeoPatSK · #58 (**permalink**) 06-26-2008, 04:03 PM

Dow down 300 points S&P down 34 (under 1300).

GM drops to 53-year low, Shares of General Motors Corp hit their lowest level since 1955.

Citigroup sinks to 10-year low, as losses mount from troubled debt.

AIG shares fall to 11-year low as investors remain concerned that the world's largest insurer could post losses for the third straight quarter.

Oil hit record above $140.

vintner · #59 (**permalink**) 06-26-2008, 04:45 PM

So are we in recession or having inflation? I have the answer-PANIC!!

Dow at lowest level in 2 years at just over 11,500. Remember way back when the dow was 14,100? Oh the good old days. You know...October.

GeoPatSK · #60 (**permalink**) 06-26-2008, 04:50 PM

Quote:

Originally Posted by vintner

So are we in recession or having inflation? I have the answer-PANIC!!

Dow at lowest level in 2 years at just over 11,500. Remember way back when the dow was 14,100? Oh the good old days. You know...October.

Yes, and the question was how long to 15,000!!!