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rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Traders market - market has been telling buy when you see red every where

Date October 22, 2009  Edited: October 22, 2009    Comments Comments (1)    Rate this post Recommend This Post (75)   
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When do you buy - when you see a sea of red
I found following stocks as great market proxy

URE - ETF Low at 5.51 and closed at 5.92 - 8% move
DRYS Shipping play - Marine index has been creeping up
GNK

I did buy DRYS in my 401k at 7.07 and consider as trading vehicle for $100 - buy limited quantity of 500 to 700 shares and buy with limit orders and limit sell orders

Another potential buy is GE - for longer term - is in down trend at this time.

I am trading these in my trading account
Tags : DRYS   URE   GNK   GE  

1 Comment(s):

Author rjm77me     Date October 26, 2009 20:13 Abuse this post Report Abuse
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Today market is red - I am RAISING WHITE FLAG OF CAUTION.
Any long buys will be day to day or stay on side lines. One can use bear ETF or buy puts to protect portfolio
I did take profit on DRYS in the morning and did not buy again. DRYS did move up after hours on earning related news. I will stay on side lines before buying any more in trading account
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