Sorry for the short message, but...
The 3 buy that I added today in my portfolio were all driven by "Overbought & Support" situations.
RBA: I wanted to add this already since Jim Jubak did it some weeks ago.. Now that it is in the 23 range, It's time to jump in...
Fundamental reasoning for this buy: read Jim's comment
THQI: is a video game play... that is really oversold at 4.5... & ready to jump. Also, it should receive the attraction from TTWO (Take Two) who just received the 11% injection from Carl Icahn..Unfortunately I was too late to buy this one. Wanted to, at 8, but now, I prefer to stay in the shadow, with THQI...
GAIN: this is a public Investment company specialized in Buyout & recapitalisation... What decided me to buy this one is the BIG Dividend (10% Yield, paid monthly) & it's 200 day Moving average that seems to hold...
Make your move... & always, protect yourself... should the market turn upside down, due to political tension for example (Iran, Afghanistan??).
And don't hesitate to make a post...
Joel I hear you are planning to short the Russel 2000 but in a recovery the small cap usually do well. Are you betting on not having a recovery?
ReplyDeleteHello Al,
ReplyDeleteI don't bet against a recovery, I just want to protect my portfolio in case of correction.
I believe that we saw quite some rally in 2009 & don't want to loose all my gains (Huge gains in volatile small caps I must say). Therefore the hedge.
Havind said that, I also believe that "(if) the financial" trouble are not over & for this reason it could jeopardize the financing of some small caps..
Wish you a great, healthy & wealthy 2010... & hope to see you around...
Tip; One technical play could be done with "GRO" (Agriculture play) if it holds the 50DMA... ;)
Good start to the market but I am worried about the geo-political risk of Iran being hit by Israel if they continue the nuke progrm that I believe they will never give up. I don't think it will happen for a few months - but it will happen.
ReplyDeleteAl