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The Market's new run up has begun...

Recs

6

November 07, 2009 – Comments (8)

Yes, I said it. And it's nothing new.

I'm just sticking with my old prediction from 9/14/09:

"After that, shortly before or after November 6, the market will start its march up again, and will go up for good 5-6 weeks. Of course, the S&P's closing price at that time will be higher than today (my guess is: DOW around 10,500, S&P around 1,200)".

You can find this quote in the original post here.

I know this post doesn't fit the profile of the current posts about te coming CRUSH, Last opportunity to take profits before it's too lte, Alstry being right, Sky falling, etc...but I like to live dangerously...

Just for the record: I'm a buyer again... (Actually, started buying last Thursday and Friday). 

p.s.

If yu haven't noticed, today is November 7, and the market started going up on 11/2/09.

 

Disclaimer: I like gambling. I also like garbage stcks. Not the best mix for somebody who wants to make money in stocks...

 

8 Comments – Post Your Own

#1) On November 07, 2009 at 8:20 PM, starbucks4ever (97.36) wrote:

Looks like it. But caution is in order. We are getting into the overvalued territory. Anyone buying after 1100 should have an exit strategy ready. Just 25-30% upside before we have a real bubble here.

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#2) On November 07, 2009 at 9:53 PM, bothisellhigher (28.96) wrote:

A good game always requires two teams going at it.  Luck to you and yours.

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#3) On November 09, 2009 at 11:31 AM, bothisellhigher (28.96) wrote:

Really nice call old boy! Hail to the Victor of the moment, I say!

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#4) On November 09, 2009 at 11:50 AM, bigpeach (29.39) wrote:

I don't understand the point of your posts. They seem to be nothing more than self promotion. Why not provide something useful? How about analyzing some of the garbage stocks you promote and sadly have gotten a couple people to buy into. GTN is a good candidate, having just reported quarterly results.

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#5) On November 09, 2009 at 11:50 AM, manojsai (32.64) wrote:

I agree with you......the next rally has begin which may last for 8-9  months .....

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#6) On November 09, 2009 at 5:31 PM, jason2713 (< 20) wrote:

GTN I made a good amount of money buying at $2.05, selling 2 weeks ago at $2.50, then rebuying at $1.37 and selling at $2.08 and $2.18.

 

It then plummeted today, with me holding about 5000 shares.  Not a big deal, I lost roughly $1500-$2000.  Reason I'm holding those shares, I bought them around $2.95, and I think by March-May, this stock will go around $3.00-$4.00. Reason being, big political year. 

I think it also has a huge potential to go down from here.  Reason being, the dollar is very low right now.  When it took its huge dip from $2.91 a coupel weeks, it was due mostly to the stronger dollar, coupled with the fact that their earnings date was coming and I think everyone knew it wasn't goign to be good.

I would wait for the dollar correction, then buy into GTN.  Lets hope that happens.  If it doesn't, I still have 5000 shares, so I win either way.

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#7) On November 12, 2009 at 2:10 PM, dragonLZ (99.45) wrote:

test...

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#8) On November 16, 2009 at 7:52 PM, JMrosenb (< 20) wrote:

rock out bro!  i mean it..

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