Buying the Dip / Selling the Rip
July 17, 2008 – 12:54 am
Sun Microsystems [[JAVA]]…oversold. Trade the bounce with a buy stop @ $10.50
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DRS Technologies [[DRS]]…overbought. Sell short @ $77.
Disclaimer:
Momo players, do not try this at home. These are contrarian plays. The idea here is to screen for stocks in favorable sectors that are oversold, and buy as they reverse up on a bounce. And conversely, screen for stocks in weak sectors that are overbought, and sell them short as they reverse down.
I don’t know your sitrep, so don’t take this as investment advice. Trade at your own risk.
Damn this tic tac toe shit.
It must suck for you to visit my blog…lol
July 17th, 2008 at 1:20 amI don’t know how y’all keep track o’ all them squiggly lines an’ such. You musta been ta cipherin’ school or sump’in.
I’m justa simple po’ ol’ country boy. These here tic tac toe charts…well, (*chuckle*) I reckon they help me see things a might clearer. That’s just me, I guess (*chortle*).
Pass that jug o’ moonshine, will ya friend?
July 17th, 2008 at 1:28 amRound these parts, “Jug o’ moonshine” is a tautology, friend-o.
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July 17th, 2008 at 1:40 amHave you guys ever had any honest to goodness moonshine?
And I’m not talkin’ about the shit we ship up North to yankees.
About 10 years ago, some friends and I were hiking in the woods of N.C., heading for an obscure rock face which we planned to climb. We were bushwhacking through natl. forest property, heading for a place on the topo that showed a likely cliff. We stumbled across a dirt trail/road (hesitate to call it that). As soon as we found it, a horse and buggy came down it. There were two men riding in the buggy. Both had bright blue eyes, kinda gypsy like. Long story short…they really liked the girls we were with. They pull out the shine, and we all proceeded to sample. For a while. The girls were VERY uncomfortable. We didn’t give a fuck. Eventually, they continued on down the trail. No shit. They said they were heading to town. We were in the middle of nowhere. That was some shine.
We found the rock face, but didn’t climb it.
July 17th, 2008 at 1:53 amDRS caught a bid, no?
July 17th, 2008 at 2:37 amFly–
Yeah, back in May I think, some Italian dude or somethin. Check it out Alpha.
July 17th, 2008 at 4:23 amScratch DRS. I’ll peruse the short list for another. Thanks.
July 17th, 2008 at 11:03 amWoody,
July 17th, 2008 at 11:07 amFor some reason “Deliverance” and “Dueling Banjos” come to mind.