The market was down again today.
Dow was down -100.96 (-0.9%)
Nasdaq down -0.50 (-0.26%)
S&P 500 down -8.73 (-0.74%)
Our picks did okay. Central European Distribution (CEDC) was the big winner for our followers. CEDC closed at 6.49. This represented a loss of 0.61 or -8.59%.
Another pick Gramercy Capital Corporation (GKK) closed at 3.05, down 0.12, or -3.79%.
Our third pick Liz Clairborne (LIZ) was unchanged at 5.52. Early trading dropped LIZ to around 5.30 but it rebounded very well.
For Wednesday's trading we pick SWS Group Inc (SWS) and Temple-Inland Inc (TIN). SWS closed today at 4.78 (+27.47%). We believe SWS will close around 4.20 tomorrow.
We believe the other pick TIN will have a closing of 30.46.
Many experts expected the housing sector to lead the way to recovery. So far we are still waiting. TIN and GKK are carrying the load.
Good luck and have a great trading day tomorrow.
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.
No comments:
Post a Comment