posted
With yesterday's DOW closing below the August low, we are now officially in a new bear market (at least in the DOW). Next stop - DOW 12,000! Might be time to start thinking about shorting the rallies instead of buying the dips.
Mike
Bottomfeeder
posted
I have one for ya.If you log on is the same as your profession it may be some interest.Anyway, the symbol is NWCN..it manages motels in china.I found some interesting data from Rueters Company Research pages.It shows that they have no debt or long term dept.I may put some bucks into it next week.Tell me what you think of it if you have time.
Ace of Spades
posted
I'll tell you what I think.......
I think you're in the wrong thread!!!
Bottomfeeder
posted
Where should I have posted a question to propertymanager?
BooDog
posted
Check your PM bottom.
BooDog
posted
quote:Originally posted by Propertymanager: With yesterday's DOW closing below the August low, we are now officially in a new bear market (at least in the DOW). Next stop - DOW 12,000! Might be time to start thinking about shorting the rallies instead of buying the dips.
Mike
I almost (did and then had it removed) started a poll for who thought the Dow would sink back to 12,000 again or even challenge it a bit lower. Making a recovery for now but we'll see how it goes.
Machiavelli
posted
quote:Originally posted by Bottomfeeder: Where should I have posted a question to propertymanager?
This thread is about possibly shorting stocks due to the DOW going into lows... not a thread about going Long on a stock pick...
btw for now I think the Dow will go higher since it broke RSI 50 today... my 2 cents...
Bottomfeeder
posted
OK,I wont post anymore.Thx
Ace of Spades
posted
quote:Originally posted by Machiavelli:
quote:Originally posted by Bottomfeeder: Where should I have posted a question to propertymanager?
This thread is about possibly shorting stocks due to the DOW going into lows... not a thread about going Long on a stock pick...
btw for now I think the Dow will go higher since it broke RSI 50 today... my 2 cents...
Mach that's part of it.....the other part is that his stock is A BB penny stock that has nothing to do with the DOW...at least talk about big board stocks that have to do with the dow!!
BooDog
posted
I do believe he got the message. Can't we all just move on?
quote:Originally posted by Bottomfeeder: Where should I have posted a question to propertymanager?
This thread is about possibly shorting stocks due to the DOW going into lows... not a thread about going Long on a stock pick...
btw for now I think the Dow will go higher since it broke RSI 50 today... my 2 cents...
Mach that's part of it.....the other part is that his stock is A BB penny stock that has nothing to do with the DOW...at least talk about big board stocks that have to do with the dow!!
The Dow does effect the penny market. At least indirectly. Today the Dow went down 220 points and it was felt across the board. Penny stocks are not listed in the Dow but that doesn't mean they are not effected by it.
glassman
posted
lol. take your NEUTRAL CORNERS. and come out swinging