Punishing day today
Stocks continue a bit of free fall as they again retreat after some Friday gains.
Before I go any further, I want to reiterate the latest earnings releases - not future reesults but recent results. The companies I track had record results - some even grew in the triple digits. Going forward, their business is healthy.
We are not buying speculative minerals. We are buying infrastructure companies which are doing fine. They all have healthy profits and reasonable (I would argue low) prices.
Nevertheless, the market is very negative. In a contrary mode, I bought. This is what we are looking at as we near the end of a bloody day
JLG - up ~1.5%
GRP - up ~3%
JOYG - up ~3%
NTRI - down 4%
TIE - down 1%
ISIL - down 1%
RFMD - down 1%
DIS - down 0.5%
ET - down 3%
So mostly down even after I thought we bottomed out - again.
Before I go any further, I want to reiterate the latest earnings releases - not future reesults but recent results. The companies I track had record results - some even grew in the triple digits. Going forward, their business is healthy.
We are not buying speculative minerals. We are buying infrastructure companies which are doing fine. They all have healthy profits and reasonable (I would argue low) prices.
Nevertheless, the market is very negative. In a contrary mode, I bought. This is what we are looking at as we near the end of a bloody day
JLG - up ~1.5%
GRP - up ~3%
JOYG - up ~3%
NTRI - down 4%
TIE - down 1%
ISIL - down 1%
RFMD - down 1%
DIS - down 0.5%
ET - down 3%
So mostly down even after I thought we bottomed out - again.
posted by Andrew at
12:27 PM
2 Comments:
Did you get stopped out of TRID or did you just overlook it in your daily performance summary?
I do weekly updates. This was a post about NEW purchases. No STOPs on any stocks at this time.
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