administrator Site Admin
Joined: 28 Dec 2005 Posts: 12111
|
Posted: Mon Dec 29, 2008 7:07 pm Post subject: Tue: Buys DIS OIH MMM BAC YHOO Sells SPY |
|
|
Tue: Top Buys DIS OIH MMM BAC YHOO Sells SPY
Primary Trades:
DIS below 21 and MMM below 55 (roughly current prices) are long-term buys. OIH and BAC are buys if SPX falls towards 818 or retests the low at 741. YHOO has the potential to almost double on a buyout. SPY may pullback to 818 or lower in Jan, given severely overbought intermediate-term technical indicators.
Secondary Trades:
None
------------------------------------------------------------------------------------
Primary Trade: An intermediate or long term trade. Timing can be off substantially. Volatility not a factor. Risk is low to moderate. Potential return is often moderate.
Secondary Trade: A short term trade. Timing must be accurate or volatility must be high. Risk is high. Potential return is high.
Secondary Trades should be generally avoided, although considered. Note: If Secondary Trades are taken, they may affect Primary Trades. |
|