Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Wild Wednesday Wrap Up

Wow, that was a good one!

DOW down 81 but I don’t own any of them so I don’t care but they did ruin the party for all the other exchanges. On CNBC around 2pm I heard them say that the market had turned ugly when every index but the Dow was positive. Way too much weighting is placed on that index.

GM – led the way down with another 5% down day.

RIMM – dropped 6% on a bad ruling

LVS – Monday’s trade of the day finally paid off with a nice 2.5% drop! With the stock now down close to 10% since recommending, I would place a very tight stop on it – sell out if the stock crosses $42. It may get all the way to $39 before it bounces though..

BCRX was a huge winner today, finishing at $16.24. It was a gift to be able to get in at $14. I still think the stock may have $20 in its near future but my stop is set to $15.75.
Still waiting for Valero to tank so we can short the oils although XOM and COP can’t go positive on a great day.

With interest fears on the rise, we should finally get some downward movement on the home stocks.

GOOG – did a small reverse today, if you used tight stops you could have done very well!

CME has been punished to $360, this may be a preview of Google’s future.

HET – I don’t know if it is testing a floor or making a ceiling at $68.

GE – If anyone can explain a .40 drop in that stock today, please take over this column…

TXN – I’ll say I told you so until you buy it!

GME – will be a buy at $30, bad gaming outlook is a gift here.
Stay out of retail!

SIRI – Mel is on Mad Money tonight, we will have to watch this Trade of the Day closely tomorrow.

TIVO – nice rebound off $5.15 to $5.38 but I should have taken the $5.62 at 10:55 and put the money to work elsewhere – now I have to wait…

TWX – My buddy Carl Icahn stepped in to save my stock (I guess after reading my “Out with the Old” column this morning!).


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!