Tuesday, August 09, 2011

The Market - Bounce?

Pick your favourite high-beta names because it seems we're going to have a big bounce today

Notablecalls: Water pistol to head call!

6 comments:

papita said...

Bounce, what makes you say that? as Cramer just said, and I do not agree with him almost always, you never buy an up opening. with the volatility, I'd err on the cautious side and wait. Please do not lead your readers into what could be a trap. My advice to your readers, be wait for a confirmation and then go in. No one can pick the bottom and preservation of your money is always at the top of the to do list. keep em flying.

notablecalls said...

Cramer said, eh?

papita said...

yes, cramer said. he might be a clown, but he has experience and does influence stock mkts. forget for a second it was cramer, as you saw, never buy an up opening again proved to be the right strategy. even today.

notablecalls said...

I agree with you on never buying an up opening. I dislike it as well.

But sometimes you gotta do what you gotta do.

notablecalls said...

I mean many incl myself knew there would be a scare at around open to test the integrity of the move.

papita said...

notable, thanks for your dialogue. it's not very often in the world today that you get an immediate response. it's nice to see.