Monday, 21 June- Rally???

[Rod]

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I believe todaywill be a good day for stocks since Wachovia has announced its merger with SouthTrust, buying it for $14.3 billion.

A nice beginning to summer, indeed. :^

God Bless

 

[Rod]

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Asluggish opening, but maybe things will shape up.

We'll see.

 

[oneyoungbuck]

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Yeah, I read the news on Wachovia today also. Hope its a good sign for today. The market has been somewhat of a Flatline these past few days.

 

[Rolo]

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D'OH! :shock:

A feeling told me to buy TASR last week. :%

I didn't.

It gapped, :}18% today on ungodly volume. :l

So I bought a little. o



And theeeeeeeen....

NVEC popped in my mind last week too. :%

It jumped :}33% today on unseen volume. :x

I will wait for a pullback/buy point.



I need to do more "Subconscious Trading"...

 

[tsptalk]

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Rolo wrote:

I need to do more "Subconscious Trading"...

I think there is a chapter on that in the trading book I recommended. :u

 

[Rolo]

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haha! No kidding? I am so there.

I am going to make a mass book purchase when I get back from vacation, my buy list is sufficiently long enough for it. I am looking for books on candlesticks, too.


[line]


Well, today started up, but the enthusiasm is waning; however, I wouldn't be surprised if the week ended higher.

 

[tsptalk]

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I'm hoping for some weakness this week with a tentative plan to be back to 100% stocks by the 28th or 29th, to catch that end of themonth / begin of the month historical strength.

 

[Rod]

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Well, today wasn't as great as I had hoped for. Although there was positive news from INTEL and Wachovia, investors are still nervous about the 2 big events of the week- Iraq turn over and the FED.

Hopefully things will look up after the 30th.

God Bless

 

[Rolo]

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Rally?

Apparently not.

My stocks are The Big SUCK today. :?

 

[Rolo]

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Ah, a little improvement in the holdings.



Someone on here said "Charts don't lie" and they are correct. I sold SCSS yesterday pretty much on a hunch. I even contemplated selling it short. I got this today:

SELECT COMFORT CORP (SCSS) - Down by over 5.0%
Change: -1.45 at
Price when alert was set: 26.05 on 09/26/03 09:51:29 EST


Current Quote for SCSS
Last: 27.45
Change: -1.45 (-5.02 %)
High: 28.89
Low: 27.45
Annual High: 32.32
Annual Low: 15.57
Previous Close: 28.90
Volume: 459840
100-Day Avg. Volume: 282922
200-Day Moving Avg: 26.28


Whew!