AIG bailout does zero for confidence. .DJI does another 400+ point drop but Gold rallies. BIG TIME. Todays % gainers list is filled with mining companies reaping in the Gold hype.
NYT IPO alert
FLDM is going public tommorw. This Lehman brothers venture capital group find has it's big public offering in the worst week of 2008. Shares will struggle to maintain value and shorting might be better. Remember this isn't the dot com boom. Right now, you're played for what you are worth and more often less than that.
YESTERDAYS PICKS
Airlines were definitely in play today! DAL, UAUA, LCC etc. Down big on rising crude oil. I'm liking the inverse relationship.
RAMR, TGIC, and RDN had good intraday movements. Of course, yours truly sat on the sidelines.
VLNC- A pick by timothy sykes, and was well talked about in the GOTS chat room. Didn't hit the action we'd all like, but I doubt this is done.
FBR- Also not triggered. Tommorw is another day.
FOR THE NEXT DAY
*These are from dark's blog*
RODM- has the scary shart I hope to hardly see on stocks. Its on a Bellweather in Play report. Thats about it
AKNS- No news pump. My kinda play.
CNEH- No news pump.
ANPI- nice last few minutes surge in price. Not worth the day trade, but i'll note the chart and add it to my inventory of patterns.
XRA- Lovely no news pump. I hope it falls just as beautifully
XRIT- Nice sideways after NNP on this stock. FALL please. :)
ERHE- A true penny stock pump. I'll keep the name and reserve shares. It might be time for me to reap the huge %tage movements of a true pennystock!
On another note. Tommorw will be spent with more time spent watching charts and GOTS. The chat room is a great source of CNBC news and I'd like to spend the day with it of as much as possible.
My usual- RDN, ABK,RAMR, SCA,DSL, FMD are always in play too!!!
SCA, TGIC and RAMR are all 1$ plays!!! talk about good positions! Luckily, i'm rooting for a rebound on these steady financials. Don't let overwhelming financial turmoil spread fog over the good companies out there. Now is the time to find good buy in's on these!
