There are not any high flyers in today’s markets. Tomorrow GS is ether going to aid further fear to the market or comfort it a bit. I’d expect a minor gap followed by continued sell off, but we’ll see, there’s no reason to guess what’s going on in this market its better to play those stocks that are either strong or totally un related to the finance industry
AAI holding up nicely in this market, watch for the $3 break here
CCE, PEP and MCD are probably going to be some of the strongest stocks in current times
UAUA and other airline stocks have been holding up nicely but UAUA provides some of the best intraday swings both long and short keep this on your scan if you’re trading intraday
MGIC $2.25 basing nicely, volume has been pickin gup watch for the breakout over $2.38
AAPL bounce watch if it breaks $140, watch for $2-3 sell off and I’d expect it to retest $140 and head towards $145-150 before additional weakness
RSS Feed
September 16th, 2008 at 9:09 am
GS watch for a base near $115
September 16th, 2008 at 9:13 am
in GS for a bounce towards $119
September 16th, 2008 at 9:15 am
out $118.79
September 16th, 2008 at 9:17 am
GS continuing to move higher nice bounce!!!
September 16th, 2008 at 9:31 am
GS great buy at $115!!! now $121
September 16th, 2008 at 9:49 am
AIG nice bounce, this probably won’t go under we’ll probably see some false positive news, some spikes but over the course of the next few weeks, this may head up imo maybe as high as $5-7
September 16th, 2008 at 9:57 am
in AIG $2.28
September 16th, 2008 at 10:02 am
GS up $13 from our buy at $115
September 16th, 2008 at 10:24 am
AIG $3.25 guys!!!!!!! $95 cent/share profit!!!!
September 16th, 2008 at 10:29 am
More breaks!! $3.45
September 16th, 2008 at 10:30 am
Sold my AIG will add once it cools down a bit more
September 16th, 2008 at 10:39 am
Great calls! Well done as usual. What do you think of NEXC over the short term for a swing trade?
September 16th, 2008 at 10:41 am
NEXC has no volume… one piece I look for in a stock is volume.. without it I can’t get in and out
September 16th, 2008 at 10:42 am
AIG and GS post: http://www.investorslive.com/2008/09/16/american-international-group-inc-aig-goldman-sachs-group-inc-gs-a-good-day/
September 16th, 2008 at 10:46 am
But why is it that stocks like PENC and ALDM have come up on your scans? Don’t they too have no volume?
September 16th, 2008 at 10:48 am
They fall on under the radar scans because they’ve been sneaking up and I’ve been tracking them for a bit more time, they are also near highs
NEXC yes its in a nice area if it gets momentum it could go but OTCBB vs Nasdaq needs a whole lot more
AIG held the $2.70 support technical bounce, would like it to consolidate for a bit first personally
September 16th, 2008 at 10:51 am
AIG on CNBC spike off the $2.70 support again
September 16th, 2008 at 11:27 am
long AIG $2.40 basing
September 16th, 2008 at 11:30 am
AIG having trouble re breaking back over $2.60 careful
September 16th, 2008 at 11:41 am
sell off on AIG, they just mentioned LEH rent is secured by AIG, sheesh - at any rate this should be a nice trade the rest of the day for dip buys, it’s going to cost economy a whole lot less to bail them out then let them go into bankruptcy watch for $2.40 break on the upside and move back towards $2.50 break will start the squeeze - not until it breaks and hold’s $2.40 am I a buyer though
September 16th, 2008 at 11:56 am
sold 2.87
September 16th, 2008 at 12:02 pm
Back to $3 so many shorts thinking bankruptcy but they’re only going to get squeezed imo
September 16th, 2008 at 12:06 pm
UAUA continues off scan
AAPL big gap down, more so than expected but fortunately the opening price was the lowest price all day! Great move back towards $140
September 16th, 2008 at 12:31 pm
Airlines Hot today: http://www.investorslive.com/blog/2008/07/airline-stocks-hot-hot-hot-heres-an-airline-sector-stock-scan/
September 16th, 2008 at 2:38 pm
HI IL
thanks for blog……..it is really informative …..keep up the good work
September 16th, 2008 at 2:55 pm
AIG ALMOST GREEN!!!
September 16th, 2008 at 9:49 am edit
AIG nice bounce, this probably won’t go under we’ll probably see some false positive news, some spikes but over the course of the next few weeks, this may head up imo maybe as high as $5-7
September 16th, 2008 at 12:02 pm edit
Back to $3 so many shorts thinking bankruptcy but they’re only going to get squeezed imo
September 16th, 2008 at 3:19 pm
short CEG 39.99
September 16th, 2008 at 3:27 pm
CEG now 32.7 guys!
September 16th, 2008 at 3:37 pm
hi IL LEH stop trading……….any thought?
September 16th, 2008 at 9:39 pm
skyhigh yes: http://www.investorslive.com/2008/09/14/hot-stock-scan-for-monday-the-14th-of-september/#comment-242