Tomorrow is the day. We shall see what the FASB votes in the morning before the bell. Control of the market tomorrow is in their hands. I purchased some STT today at the close and added to my CELG position @ $37.80. This is a quality run company which lowered guidance and got absolutely demolished because of it. Demolished I say... down 13.36% but what is weird is that it was only down 0.5% ($0.17) from open to close. But the MACD crossedover it hit its 52 week low today so I would not recommend anyone to buy in unless you have a long term outlook. On the other hand, JPM and MS have been burning up the road and I will prolly bail tomorrow when they announce the change to M2M. And this is carrying the market up right now.
Portfolio
DO JPM MS STT CELG X FCX
Boy did I miss the CLF train... but this puppy could go higher. If it breaks $19.50ish we could see $20-$21.50 easy.
No comments:
Post a Comment
Thoughts?