Comments on: Nightly Stock Picks, February 20 2008

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Fri, 22 Feb 2008 17:23:25 +0000

Based on the market action today it looks like the NASDAQ has broken through its wedge to the downside. Unless we get some sort of rally here I suspect we should have lower prices around the corner!

By: RayJMan

RayJMan — Fri, 22 Feb 2008 06:01:06 +0000

I’m still wondering where it will go from here, but hopefully it won’t remain flat. I like playing the volitality!
It seems as though the S&P is hitting higher lows, but…
Once the planets align…..;-) With inflation getting a little bit out of control right now, I’m still holding off a bit on buying anything bullish until there is at least some kind of positive catalyst.

By: Nightly Stock Picks, February 21 2008 | Stock Trading To Go

Nightly Stock Picks, February 21 2008 | Stock Trading To Go — Fri, 22 Feb 2008 02:48:12 +0000

[...] SPY is still sitting in the same pattern as yesterday, and the NASDAQ is forming a very interesting wedge which will lead to either lower or higher [...]

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Thu, 21 Feb 2008 14:57:52 +0000

Not technically, what you can do is just be patient and see if you can get shares intraday on a downswing. Take for instance STLD (refer to the chart for reference). The stock broke out past $56 Tuesday and closed at nearly $58, well to buy then that is still higher then then $56 buypoint. Yesterday morning though the stock opened above $57, and if you look closely on its chart the stock traded in the high $56s before moving all the way up to $60. Well, I missed the first day, but grabbed my shares around $56.70 on the dip yesterday morning, and now I have a great position with the stock above $60.

I am still looking to add to my position, and will just wait for either another dip or for the stock to base out again (example CF from this same post).

Hope that helps!

By: Clever Dude

Clever Dude — Thu, 21 Feb 2008 14:30:22 +0000

As you know, I’m not really wise on investing, but the one common thing I noticed with all the graphs are that the stocks are on an upswing. Isn’t it too late now to invest as you’re basically buying high, not low?

Obviously the caveat is that you never really can predict the highs and lows of any stock based on past performance.

By: rayjman

rayjman — Thu, 21 Feb 2008 12:23:48 +0000

very good picks, also there is Ultra S&P500 ProShares (SSO) in addition to Vanguard 500 index mutual fund (VFINX) for the S&P 500
for more information on the mutual fund (if anyone is interested), check:
finance.yahoo
Exchange-Traded Funds (ETF) Center
ETF Center > ETF Education > Articles

I myself still am more of a fan of ETFs vs. mutual funds (price entry point for one), and until I check the math oompletely I probably won’t be convinced on the expense ratio breakdown they list on Yahoo.

Happy investing,
Ray

By: thewild1

thewild1 — Thu, 21 Feb 2008 07:34:59 +0000

really great picks.. especially AKS, which I acted on when you first suggested it.