MightyMo's Blog : Latest entries

Several weeks ago, we listed our top 10 stock picks. The performance can be found on the following link:

http://mightymo-market.blogspot.com/

here's a sample of one of our twitters...

MIGHTYMO_MO Stock Picking: VHC ..highly speculative..quick percentage gain possible. Buy at 6.29..plan to sell at 7.00.. stop at 5.50.

DOW hits 52 week high. Another up day for the SP500. Some will say this is a top.. there are those who think the sky is falling down. They'd be wrong..my opinion.

.....And yet another insider buy on this stock which has a 10% dividend. Latest reported on 3/15/2010

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6839040

Our latest twitter today...

MIGHTYMO_MO stock pick> Don't know Jack? It's a winner (JACK)


twitter name = MIGHTYMO_MO

I went to my local financial institution the other day and saw their marketing display. It stated something along these lines: "When picking up the cards, avoid the joker". In relating this to stock pick decisions, the same can happen. You need to avoid the joker. Everyone once and awhile you'll get a joker. When you do, you need to dispose of it as soon as possible and cut your loses. One of the greatest rules in stock trading.."Cut your losses short".

PRAA is a stock I normally don't follow. However I'm looking into (testing) what I call 'special situation' stocks.

PRAA hit bottom about a year ago but since that time has been in steady uptrend mode. The stock had a breakout and gap'd up in mid-february and has continued to climb. The stock was around 44 when it broke out mid-feb and gap'd up to 50. However it has continued to go up and is now at 56.75.

There is currently a short interest ratio of 10.1. In otherwords, it will take 10.1…

Let's see what the smart money does in the last hour of the session today(about an hour away as I write this). My guess, anticipate a gain.

Back in the 2nd week of January, I posted an article stating it was not a good time to be buying in the market, a concern for caution.
Basically I put up a Red light, a stop sign. The market faltered.
A few weeks later I posted another article, basically a yellow light, that there was less concern for caution and ok to start buying but to be careful.

Although the market hasn't provided the conviction I was looking for, that is,a couple of really big days, i.e. DOW up 200 points, I do se…

Is bear Marc (Dr. Doom) Faber changing his tune?

Mr Faber stated:
"Don't Expect Another Crash ... Bernanke Won't Allow it"

JJJ and Dr Doom, not one and the same