Posted:
#126
PS
I think the instituonal big boys are all on vacation, and usually do not come back and weigh in until after August. The weeks ahead should be interesting, but I think September-Dcember will be the real story of this market. Until then, a lot of retail traders and a lot of choppiness. But that is what makes shprt term stuff fun.
As for screens, I use a lot of different technical trend screens for the little amount of trading I do, and option probablity screens.But when it comes down to it, I look at fundamentals, and in options at least, I like stocks that have been beaten down but which are solid cash machines...I like BUD, and like Dykstra's article today on theStreet.com, have made money off HAL options many times over the past year...
I think the instituonal big boys are all on vacation, and usually do not come back and weigh in until after August. The weeks ahead should be interesting, but I think September-Dcember will be the real story of this market. Until then, a lot of retail traders and a lot of choppiness. But that is what makes shprt term stuff fun.
As for screens, I use a lot of different technical trend screens for the little amount of trading I do, and option probablity screens.But when it comes down to it, I look at fundamentals, and in options at least, I like stocks that have been beaten down but which are solid cash machines...I like BUD, and like Dykstra's article today on theStreet.com, have made money off HAL options many times over the past year...
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