Posted: 9/15/2009 7:14:53 AM EDT
| The handfull of stocks that I tend to Day Trade (or at least buy and sell within a week) have all passed their resistance levels and are not cost effective right now. What stocks are your consistent performers? I love me a good channeling stock....... |
| The sidelines may be the best place to be right now. Besides the stock market, the economy isn't getting any better and the stock market is a lagging indicator of the economy... The Dow has gone from 6500 to 9500 in a very short time period with not anything really substantial pushing it higher and it's overdue for a correction. I'm a financial advisor and the sentiment in the industry is that we may soon see a second pullback unless unemployment starts to drop quickly... |
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I just took over as a trustee for my siblings and I trust fund. It is managed by a money manager out of Houston, we are in 25 stocks right now, up $20k over the last 3 trading days. The guy is good, my Dad was with him for over 25 years, he has served our family well. Sorry, can't reveal what stocks we are in, we pay good money for his services, but they are not exotic type investments, most are just boring old corporate names that he picks up at the right price.
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Quoted:
Well, it hasn't been hard to make money in the stock market since March. I'd be impressed if he made you good money between Summer '07 - March '09. I wasn't involved with the trust fund then, but I am sure he was hurting just like everyone else. My Dad stuck with him though, and he was not a stupid man. |
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look into LEAP.
i bought it at 17.70 cus i liked where it was going and i saw long term growth potential but recently it has been upgraded to 29 dollars so it is steadily rising. i really only look into the long term though and even then it could all fall down tomorrow so while there is moeny to be made right now there is still plenty of risk in my opinion |
