It really is a shame that I don’t trust the market so much right now. Typically I love to trade, however I just don’t like ice fishing on thin ice so to speak. What a boring ass weak (sic).
Going long is interesting, interesting indeed. When you “go long” it usually means set it and forget it like that commercial for a crappy consumer item I can’t recall. I’m more into selling rips and buying dips but I don’t do it as often as I should.
SU – SUNCOR
While you’re busy buying shitty companies like CPE (sadly I own that) and other nickel and dime oil companies I’m sticking with Suncor. It’s a “STRONG SELL” technically on The PPT right now. Should we keep rallying and oil comes around, I’ll rebuy. I sold my previous holdings as follows 2/3 @ $33.33 – $36 and I bought 1/3 @ $34.85 – $36.43. I made a decent return, had I held I’d be nowhere right now. I love this company as it’s the low cost producer in the tar sands and solid fundamentals.
On the topic of “Buying the Dips & Selling the Rips”, next time I EVER own a stock that Cramer pushes, I”m selling at near the HOD before the stock comes back to reality. Most of the people taking trading advice from Cramer’s show are novice I assume. Why? Because if you listen to him maybe once, definitely twice you’ll be “Out of the Game”.
EGO – or ELD.TO – Eldorado Gold Corp Ltd.
Eldorado Gold – EGO shot through the roof after his mention. I”m in @ $10.70CDN on the TSX it jumped to $12.37 and I watched the whole thing. It’s now fucking around $11.50 or so.
What’s even funnier is how many people actually “Buy the Rip, Sell the Dip”. Don’t be one of those dudes ok? Got it? Good.
Have a FAStastic Friday or something like that.
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