you heard it here first, market is a bull right now!!
chart the price action on the wilshire 5000, both weekly and monthly charts are clearly up, up! go long and keep goin long until the weekly turns down.( try charting the etf, TMW)
homework is required to make money in this crazy market. try http://www.google.com/finance/ or http://finance.yahoo.com/ , you get the picture.
MYDividends
do your own home work on these dividend players. these stocks or similar ones may be candidates for holding long-term. (set your stops with a wide margin, but do set stops)
*i hold a very large position in LO*, a great dividend payer.
with the market coming back these are going to see capital gains and yield!
MyStocks
these guys seem poised to have substantial capital gains in burst. they have tended to have good return on equity over time due to strong businesses. and there may be a small dividend on some.
ssl, sunh, asml or similar stocks may be appropriate for long-term holding but with stops to get out if they turn against you. these types of companies stock will soar for a few years as the world economy recovers from this great depression. i'll be looking for more of these money makers in the coming days
Traders
these symbols are valid for only 2 - 3 days. these markets are changing fast. these stocks are for very short-term trading positions and day-trading. these companies stocks are hotter than potatoes. they can be red hot. be careful. get in, make money and get out fast when the run slows down!
set stops no more than 10% below and stick to your guns! if you get 20% in a few minutes or a few hours or a few days, sell some to take some money off the table.
homework is required to make money in this crazy market. try http://www.google.com/finance/ or http://finance.yahoo.com/ , you get the picture. go to your favorite sites and study before putting your money out there. make sure you size your position appropriately and decide upon a stop loss.
consider these names only if you are a blood thirsty capitalist pig, kick ass, ruthless trader. monday, may 11, 2009 early on consider: axl, lea, gnw, wfc, fitb, zion, pwav.
*i already hold a small position in LEA*
again, these stocks and timing can be fun and exciting, but also dangerous. so be brutal in looking out for number one!!
see ya!!
