You want Capitulation? You Got it!
Ok.. *whew* Spent all day buying stock... Poured over $1,100 buying up shares of several companies... Applied Materials, Dr. Pepper Snapple, Activision Blizzard, and AgFeed Industries.
You know that 300 point bounce in the first 10-20 minutes of trading this morning? I spent the bulk of my money at the bottom... right at the bottom of that 600 point sell off burst.
Today was a buying frenzy for me.
Now should the market collapse next week.... You can bet that Friday of next week will be another massive buying binge on probably the same companies... Although I am really really liking Best Buy right now (big time). (BBY)