Online Stock Trading | NASDAQ and Small Cap Stocks lead the charge leaving the DJ Industrials and S&P 500 behind

NASDAQ and Small Cap Stocks lead the charge leaving the DJ Industrials and S&P 500 behind


Filed Under Market Commentary |

Stock euphoria continues!

We certainly have moved into a different stage in this market. Whether it be the last leg of a bull or the beginning of the next best thing we’ll have to wait and see. But, there have been a few interesting things in the market that have been quite alarming.

Let’s cut to the chase. I started to lurk in other stock message boards lately. I arrived at the IBD Forums. Here are some exchanges:

tampscott:

The bottom line is this: Sweet Success could be trading at .10 in a month. It could be down 40% tomorrow. We all know that. We get it. That’s the nature of trading these types of securities. For you to come on here and say they are penny stocks for a reason is useless. Cisco was also a penny stock once (not that I am comparing SWTS to Cisco yet). What’s next, some profound advice like, “Don’t run with scissors,” or maybe “The early bird catches the worm.” If you have something to post, please come out with something original and less tired. Otherwise, take Frankie’s advice and STFU.

As far as whether or not this has topped for now, we’ll see. There definitely is bound to be some profit taking after such a dramatic run up. I will look to buy more on dips. I have now ordered about $100 worth of the product and am very impressed. I am actually using it for meal replacement due to my busy schedule. The glucasafe product has a lot of potential in my opinion.

stock newbie - don’t chase it, but you might look for a dip and keep your positions small. Sorry you didn’t get to profit. It’s tough as hell to sit through the big swings, and as I said, I allocate a very small part of my portfolio to these types of trades. Come to think of it, I have probably owned less than 3 stocks my whole life that traded under $1.

Here is my reply:

tampascott…have you done any of your homework?

CSCO NEVER TRADED AS A PENNY STOCK….YOU ARE LOOKING AT SPLIT ADJUSTED PRICING!!! How can you blatenly come on here, bash me for saying that you don’t mess with pennies? You are on IBD…guess what if you have read HTMMIS O’Neil SAYS HISTORY HAS SHOWN THE GREATEST WINNERS NEVER COME FROM THE OTCBB. At least do some real due diligence…do you know how insane that comment is? Any idea?

WOW…I really can not believe ppl are talking penny stocks on an IBD forum.

There were more exchanges were I was told I didn’t know the business and what not. Here is the mantra out there. I had an exchange with a self proclaimed newbie saying I didn’t know the business. A NEWBIE. If you joined MauiTraders’ Gold Service you would have seen us talk about the increase in daytraders.

This is history repeating itself. After the crash of ‘29 stocks managed to get back up onto their feet until 1937 and the Dow corrected more than 40%, right around 41%. Its pretty astounding that the Dow and NASDAQ mirror each other. But, that does not mean we’ll correct 41% in the near future. We aren’t in a depression like ‘37 so a correction like that is a bit far feteched. But, the level of bullishness is getting quite high.

At any rate, the NASDAQ climbed higher on lighter trade. The Dow lagged today for the first time in awhile or so it has seemed. Volume was lower almost 9% across the board. Mondays following option expirations usually tends to be quiet. We’ll take today’s action with a grain of salt.

Aloha,
Market Speculator

marketspeculator@gmail.com

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