Friday, January 14, 2011
Dull Market
You know what they say about dull markets. Don't short 'em. Daytrading is out of the question with these small ranges, and we can microanalyze the indices a thousand different ways, but the big picture is we're going up with hardly any dips. So take from it what you can. It is not a market for traders. If you are an investor, this is heaven. Since we have the 3 day weekend ahead of us, we might see some early selling but I don't think it will last to the 2nd half of the day. You can't short this market yet.
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9 comments:
Covered 3/4's BRN @ 7.79 from average price 8.80ish (+13%)
CASH MONEY PLAYA
-OL DAWG
Great trade on BRN, I was caught up in some other stock positions, otherwise I would have pounded BRN.
YOu made an even greater trade dawg.
Did you cover it? That was huge on percentage terms.
No, still short Easy E. haha.
Covered rest of BRN @ 7.38 went long BRN @ 6.50 OL DAWG
Is BRN a long-term hold, say 6 months?
Petsamo i dont even know what brn does. and what they do shouldn't matter. the price tells all. because i'm just a trader dawg.
Thanks, I noticed BRN has nice fundamentals. Sometimes companies with nice fundamentals get overlooked because people are too busy observing AAPL or other popular stocks.
Actually they do not.
Read the last earnings release. Most of it comes from one time occurrences.
Without those, I'm not even sure if they would have such a lowish P/E and hence good fundamentals.
Ol DAWG
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