Waiting for bargains
Today's pullback does not seem like much in light of the recent run-up.
Yes, NTRI is down $4, but it was up almost $6 yesterday.
I am surprised, however, by the incredible weakness in the tech sector - NASDAQ has retreated to early March levels. I remember back in the 90s that tech stocks always softened in the summertime. Maybe we are back to that behavior.
Meanwhile, I am looking for some buys and I don't see any fabulous opportunities (TRID being the exception, of course). We are sitting on $8K+ of cash until we find a better place to put it.
Also, I don't think the retreat is enough. I want to see consolidation around 11400 and then move up.
Yes, NTRI is down $4, but it was up almost $6 yesterday.
I am surprised, however, by the incredible weakness in the tech sector - NASDAQ has retreated to early March levels. I remember back in the 90s that tech stocks always softened in the summertime. Maybe we are back to that behavior.
Meanwhile, I am looking for some buys and I don't see any fabulous opportunities (TRID being the exception, of course). We are sitting on $8K+ of cash until we find a better place to put it.
Also, I don't think the retreat is enough. I want to see consolidation around 11400 and then move up.
posted by Andrew at
11:53 AM
4 Comments:
How about STP? Good Solar Play.
I'll take a look.
The key right now is to find the steak amidst the sizzle. With the interest in alternative energy, there is a lot of hype and fad.
That means higher risk and higher return opportunities.
stopped out of TIE at 86. Is there a re-entry point or are we done with this one???
I made $$ on TIE.thanks.
Your best stock pick
last year was HANS . I wounder what your take on JSDA .I like their products.
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