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trading strategy, online trading
Greetings,
The week ended up on a positive note. The markets were bullish on Friday pushing stocks up across the board. As a result I was able to sell two positions this past week for winners. I sold DELL earlier in the week for a 53 cent gain. I opened the position at $36.13 and closed it at $35.66 per share. I also opened a position with GIS which in recent days has been hammered. I bought it at $45.00 and sold it at $45.40. I would like to re-enter this position again, but at a little lower entry point next time. Anyway I'll take a 40 cent gain. Currently I have two open positions. They include INTC and CSCO both of which I'm in a holding pattern waiting for some positive news and movement.
Next week's market movements probably will be determined by the price and supply of oil. The $50 dollar mark seems to be the barrier, below that price is positive and above is negative. We'll see how well this holds true. Any serious stumbles in the debates could also affect the market. As you know, Bush is perceived to be bullish for the markets.
I have my eye on a couple of stocks I will possibly enter positions on. One of which is WAG and I hope to be able to enter a position below $36 per share. There were some significant gains on Friday by many stocks. I'll be looking for a potential fall back to create some entry points. We'll see how it plays out.
Have a great week,
Anthony
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These notices of Anthony Myers' trading ideas are intended to provide opinions about and analysis of the mentioned stock(s). They are not intended to provide personalized investment advice. DO NOT EMAIL ANTHONY MYERS SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Anthony Myers is the commentator for AEM Investment Company, LLP. Online Investment Services, LP. is a publisher (via InvestmentHouse.com), and neither Online Investment Services, LP, InvestmentHouse.com, nor Mr. Myers is registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. From time to time, Mr. Myers may write about stocks in which he has a position. In such cases, appropriate disclosure is made. Mr. Myers statements represent his own opinions and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction, investment strategy is suitable for any specific person. You further understand that Mr. Myers will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information provided may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. There is a very high degree of risk involved in trading. Losses can be significant. Past results are not indicative of future returns. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. By accessing this data and accepting emails from us, you agree to be bound by the Terms and Conditions of service and the Disclaimer as such may be amended from time to time.
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