Friday, May 30, 2003
Intraday May 29, 2003, the S&P 500 Index got to 962, within 3 points of the resistance target mentioned previously. Something very big is going to happen in the market--UP or DOWN we are knocking at the door.....at the point of no return.....Watch how this plays out in the coming trading days.
Posted by Steve at 10:14 AM
Thursday, May 29, 2003
We were stopped out of our short on MTG at 50 which is further evidence of the pain that the short sellers are having in this market, even on down days as this one was for the NYSE.
Posted by Steve at 4:33 PM
Tuesday, May 27, 2003
Model Portfolio Update- Long AETC@$2; current price $2 HOLD; Short MTG @ 47.05; current price 45.05 sell more below 45; Long GLW@5.50; current price $6.02-Hold or add to position; Long SNE@24.63; current price 26.01-Hold or add to position above $26.63; Long KROL@23.75; current price 23.53-Hold; new purchase LEXR @$6.50- a play on digital photography.
Posted by Steve at 8:08 AM
More evidence that the Japanese stock market is at or close to the bottom: A number of suicide web sites have popped up in Japan where people contemplating suicide can meet others who are also contemplating suicide. The two meet at a roof top and jump together. Experts blame this behavior on more than a decade of economic malaise.
Posted by Steve at 8:03 AM