Great speech from the President earlier this evening. More jobs will definitely help the housing market.
Some millionaires are crying themselves to sleep tonight. They might have to pay a bit more taxes.
The market was down again.
Dow down -110.05 (-1.04%)
Nasdaq -19.80 (-0.78%)
S&P -12.72 (-1.06%)
These were our picks to short.
TIN closed at 31.00 up +0.01
SWS closed at 5.07 up + 0.11
MTG closed at 2.70 down -0.18
CONN closed at 7.70 up +0.15
MTG was our only winner. The other three picks were solid but did not perform as we expected. SWS and TIN were flat again. We were blown away by CONN.
For tomorrow we will go with CONN, SWS and TIN. We would add another pick, Caliper Life Sciences. CALP closed up 41.14% and had a great volume of over 39 million shares traded. That was yesterday. Tomorrow is a new day and some investors will be cashing in their profits.
The blog is about trading stocks. Most of our trades are short sell. What goes up must come down. It's a matter of when. We will give an account of each trade.
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