To buy back or not?
I have said before that I did not want to put more money into this market at this time. The only reason that I bought TRID when I did was because I expected them to present great quarterly results (they did) and to resolve the option sissue (they did not).
I think the market is overbought. Not only because of the ~10% 3 month growth as the economy slows. I also note that oil prices have been dropping but the market is not responding favorably.
I want to see a major pullback in this market before buying back (say, another 3% or 11,600). I am a strong believer in KSU, UCTT, TRID and OCN and I do want to be in them. (TRID I will buy within 3 weeks before they release earnings corrections). However, I believe that they will get dragged down in a market pullback. I do see more bad news in general on the horizon. Ideally, wait until December to buy. That is when some attention will come back to earnings.
I think the market is overbought. Not only because of the ~10% 3 month growth as the economy slows. I also note that oil prices have been dropping but the market is not responding favorably.
I want to see a major pullback in this market before buying back (say, another 3% or 11,600). I am a strong believer in KSU, UCTT, TRID and OCN and I do want to be in them. (TRID I will buy within 3 weeks before they release earnings corrections). However, I believe that they will get dragged down in a market pullback. I do see more bad news in general on the horizon. Ideally, wait until December to buy. That is when some attention will come back to earnings.
posted by Andrew at
10:03 AM
3 Comments:
Here is a bay area stock that seems to have some momentum. TECHWELL COMMON (TWLL)
Sold TTI finally and puzzled by the market's yawn to a rather spectacular quarter. Dint register 2 digit % gains as I had hoped for! When do you plan to dispose DO off?
Sold TTI finally and puzzled by the market's yawn to a rather spectacular quarter. Dint register 2 digit % gains as I had hoped for! When do you plan to sell DO and what are some of your new picks?
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