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.
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.
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.
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.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7762 | From: Virginia | Registered: May 2006
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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.
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