Down week, negativity growing.
Filed Under Market Commentary |
This is a perfect time to start searching for outperforming stocks with excellent fundamentals…new buys maybe few and far between, but you need to be ready to hop on any opportunity. Shorts can start popping up here too, since we are in flux there may be opportunities on the short side. You must be ready for any opportunity.
Getting to my Top 30 stocks…down week this week.
Overall, finished down 1.05%. Biggest LOSERS CNTF - down 12.38% / PDC - down 11.69% / ATEA - down 12.89% / ORCT - down 10.44% /
This just BOLDS the fact that keeping a tight loss strategy is crucial to success.
Biggest winners: WSSI - up 11.06% / HOM - up 15.98% / STRS - up 12.94% /
So where did my Buy list end up???
Up 2.64%, I did get stopped out of PWEI taking a 8.02% loss.
NCTY - down .09% / ATRO - down 2.19 / HOM - up 7.13% / STRS - up 3.87% (remember this perf. is different b/c my buy point was @ 24.03) / HANS - up 6.02% / AHT - down 3.18% / RACK - up 5.8% / STMP - down 3.24% / PWEI - down 8.02%
I am putting together my buy list for this week and Top 30.
MktSpec
Last 5 posts in Market Commentary
- The Stock Market Battle - November 19th, 2008
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- The Stock Market is Lacking Leadership - November 10th, 2008
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