Tuesday, March 06, 2007
The Bottom
According to Cramer..... from his book Smart Money, when the stock market dropping reaches the front page of national news outlets, we have reached a bottom. Yesterday morning both the USA Today and Fox News had a story about the most recent dip and the fact that it could keep going due to the Asian markets. If Cramer is right, then we are done. Don't know about y'all, but I got hammered pretty well during this correction. I had a good portion of my account in cash, but Starbucks and my cell tower stocks got whomped.
When Toyota dropped I bought more, my Deutsche Bank sale and Toyota purchase have been a wash so far. Look for DB to drop more throughout the 2nd quarter like it has done in the past, its worth buying now, but seems to go down this time of year.
I've been bad about keeping to a topic on this blog and promise to get better. Which means I will continue my chart buying segment which I began about a month ago. Wish me luck, interview #3 today. Hopefully I'll be starting this new career soon.
Look at MWE today, if it goes up I'm happy if it goes down I'm not. Took a flier and bought it on margin last week, they reported last night. I haven't listened to the conference call yet.
When Toyota dropped I bought more, my Deutsche Bank sale and Toyota purchase have been a wash so far. Look for DB to drop more throughout the 2nd quarter like it has done in the past, its worth buying now, but seems to go down this time of year.
I've been bad about keeping to a topic on this blog and promise to get better. Which means I will continue my chart buying segment which I began about a month ago. Wish me luck, interview #3 today. Hopefully I'll be starting this new career soon.
Look at MWE today, if it goes up I'm happy if it goes down I'm not. Took a flier and bought it on margin last week, they reported last night. I haven't listened to the conference call yet.
