Monday’s tepid rally generated five more Power Dip setups. The spreadsheet has been updated to reflect Monday’s purchases.
The model portfolio has room for four of the five stocks.
The five stocks for Tuesday’s are as follows: Aruba Networks, Inc. [[ARUN]] , [[CRTX]] , Cypress Bioscience, Inc. [[CYPB]] , VanceInfo Technologies Inc. [[VIT]] , and [[VVTV]] .
Four of these five stocks will be added on Tuesday’s open.
woodshedder..
Remember your big battle with Denninger about the 200? Guess what you dumb quack.. the 200 day has been broken
Marc, you can’t read, nor can you think. There was never a battle about the 200 day being broken.
You and the rest of Denninger’s zombies have no idea what you all are talking about.
Keep coming back though, as I am rather enjoying eviscerating each and every one of you.
Wood, any technical analysis on GLW? That mofo is dropping like its hot on good news
I agree with your comments on Fly post Wood, I pushed longs this afternoon…buying more energy, transports, and financials. I also been writing puts on stocks that I want to buy and keeping cash so if they exercise, I get the stock for better prices (given market does’nt tank). If market goes up, I keep premium. I will be up early to track /ES to see if we hold 875…catch you later man
Newbie, that is one ugly chart of GLW. Still, it has just moved back within the 16.50 – 13.50 range.
It seems too late to sell out of it now, but then again, I’m not holding the stock. Selling now almost ensures you’ll sell out at the low, but nothing is guaranteed.
Thanks wood, I am planning to hold it till the end of the year since its really too late to sell out now. I hope that POS will go to $18 by that time. What is your take?
Newbie, I have no idea what it will do by the end of the year. What is your exit strategy?
My take is that when stocks sell off as hard as GLW has, they tend to stabilize, or even bounce, before continuing lower. If I were long GLW, I would wait for some stabilization, or a bounce, and then sell my position. But that is just me.
VCU, these are the hardest trades to make, aren’t they?
There is wisdom in the saying that the best trades are the hardest ones to make. Conversely, the ones that seem 100% slam dunk usually are wrong.
I will hate getting caught long in a September/October 08 or February 09 type slide, but that is the chance that I have to take.
I agree this is tough market, that is focused around the government which makes it even worse. This is the low end of the trading range, so we either bounce back higher or break 875 but there is alot of support at 875, so if we break, I will raise cash quickly. However, I will say there is some value being created in this (in my opinion). I’m neutral on crude but the oil names like HES, XOM, etc are trading cheaper now than in mid-March. Earnings should also be interesting. Many people are trashing the prospects but many firms have trimmed staff and cut costs rather drastically, so there might be some surprises. I hope we win!
@Newbie – I am long GLW from $14’s and am holding. I think it can hit $17+ by year end. Great management team and wholly owned glass volumes are up 100% Q over Q…channel restocking and China driving strong demand.