I am thinking of changing to Scottrade or Etrade from TD waterhouse but don't want to wait for the funds to transfer (who knows how long it could take..) TC2000 is a handy tool. I got out of LEXR today because of the way the chart looks (I think I am learning?) Hopefully someone can benefit from all of our hard work at saving and investing.... If you own steel stocks dump them the US steel industry is going to dip bad and it may hurt my work too. (or I will have to work faster and more accurate and cheaper - the American way...)
Bert, do you have any put options going for you?
Today at noon it sure looks like big caps are back. PFE Exxon even stogy NSC (Norfolk and So) which never does anything.
I guess I am a hopeless value investor. God help me.
It may be premature to talk about this but from the market today and the huge runups in small caps in 03, it may be about time for big caps to make a comeback. I have noticed in previous markets that this is how it often happens.
All the talking heads are talking bear talk, so it probably will go up. I have been trying to go to school on my bumbling picks that have done well almost in spite of me. One, if you remember is ACAS. A conglomerate that just bought the failing Piper Aircraft for practiclly nothing. Pays over 10% dividends at 15% tax rate, which is why I originally liked it. I thought I had sold it in one acct but I still have it and it has gone up from about 25 to nearly 30 while paying the great dividend. In fact it has gone up so much that the dividend is now below 10. Does anyone remember this one? One I had for dividend and foolishly sold is RJR (tobacco). I remember saying that it would seem that this is one screwed up company. I got in, got the dividend, and got out. It went up even after the dividend was paid. And up more and more. Still going up at 57 from 36 when I owned it. I confess. I do love the trash. I do have a nasty value investor streak in me. But, I often do this. Sell too soon.
No, not dead, just in a pause as we think about the market at a serious breakout or fall apart point. I bought both STXN and ITXC today based on the charts the showed up in last nights Worden Report. I loved the charts. Both are up today.
Is there going to be a Santa Rally?
