Thursday, July 31, 2008
Jim Cramer calling the bottom
Jim Cramer is calling July 15th the bottom. Although I don't like him most of times, I tend to agree with him this time.
IMCL
IMCL was acquired by BMY for $60. It is trading at $65 premarket. I think you can close it for almost $20 or 40% in 3 days!
Wednesday, July 30, 2008
Tuesday, July 29, 2008
Sunday, July 27, 2008
Elder's new book
Currently I am reading Elder's new book "sell & sell short". Frankly, I think it is not as good as his previous works. He did not come up a sounding shorting method that I had expected. OK to read, it is from Elder.
One thing I like short selling
Shorting has one massive advantage over buying that is they tend to go down about twice as fast as they rise. This coincides one of my trading belief: make the most money in the shortest time frame. As the readers notice that my trading strategy mainly focused on long side, I think from now on I should pay more attention to the short side.
Friday, July 25, 2008
What do I do in a bad market?
1. Go read more trading books. Study the trading journal and see what went wrong.
2. Prepare a buy list that comes handy when the market gets better.
Don't ever give up easily, believe a better tomorrow is around the corner.
2. Prepare a buy list that comes handy when the market gets better.
Don't ever give up easily, believe a better tomorrow is around the corner.
Thursday, July 24, 2008
Wednesday, July 16, 2008
Tuesday, July 15, 2008
Monday, July 14, 2008
Decline is not over yet
The market can't rally on a good news, it clearly says the decline is not over. Do not try to pick a bottom that is suicidal.
Thursday, July 10, 2008
Friday, July 4, 2008
NASDAQ weekly
Typical bear market behavior: breaks down, bounces to the breakdown pt, then resumes the down trend. Also TSI just reversed from the neutral line indicating plenty of downside on the weekly chart.
Tuesday, July 1, 2008
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