Bored, (Probably) Doing Nothing

733 views

I’m bored with the stock market today.

Stocks that I am closely watching are (finally) starting to pull back, but, IMO, it is still much too early in that process to feel comfortable trying to jump in.

On the other hand, I’m constantly combating the desire to buy something, which is probably a function of my boredom and lack of putting cash to work over the past week.

Even with all of that hot air, there is one stock that I am coming close to pulling the trigger on, and that is TTM.  I already own a 25% stake in the name and am considering adding another 25% to my position.  I like the look of this retreat, finding some support close to where it broke out from resistance.  My biggest concern with adding here is further market weakness weighing down on the stock.  I already have a small position, so maybe the prudent course of action is to sit and wait for a couple of days while the general market does it’s thing.  Here is the daily chart:

More on this situation as it develops.  Until then, stay busy.

-EM

3 Responses to “Bored, (Probably) Doing Nothing”

  1. Very quickly this site will be famous among all
    blogging and site-building viewers, due to it’s pleasant articles or reviews

    Here is my blog post: Jeannie

  2. Hi, I think your site might be having browser compatibility issues.
    When I look at your website in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping.
    I just wanted to give you a quick heads up! Other then
    that, amazing blog!

  3. Hello, i feel that i noticed you visited my blog thus i came to return the favor?
    .I’m trying to to find things to enhance my web site!I suppose its ok to make use of a few of your concepts!!

Comments are closed.
Previous Posts by elizamae

Bored, (Probably) Doing Nothing

733 views

I’m bored with the stock market today.

Stocks that I am closely watching are (finally) starting to pull back, but, IMO, it is still much too early in that process to feel comfortable trying to jump in.

On the other hand, I’m constantly combating the desire to buy something, which is probably a function of my boredom and lack of putting cash to work over the past week.

Even with all of that hot air, there is one stock that I am coming close to pulling the trigger on, and that is TTM.  I already own a 25% stake in the name and am considering adding another 25% to my position.  I like the look of this retreat, finding some support close to where it broke out from resistance.  My biggest concern with adding here is further market weakness weighing down on the stock.  I already have a small position, so maybe the prudent course of action is to sit and wait for a couple of days while the general market does it’s thing.  Here is the daily chart:

More on this situation as it develops.  Until then, stay busy.

-EM

3 Responses to “Bored, (Probably) Doing Nothing”

  1. Very quickly this site will be famous among all
    blogging and site-building viewers, due to it’s pleasant articles or reviews

    Here is my blog post: Jeannie

  2. Hi, I think your site might be having browser compatibility issues.
    When I look at your website in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping.
    I just wanted to give you a quick heads up! Other then
    that, amazing blog!

  3. Hello, i feel that i noticed you visited my blog thus i came to return the favor?
    .I’m trying to to find things to enhance my web site!I suppose its ok to make use of a few of your concepts!!

Comments are closed.