Thursday, June 25, 2009

Market rally not sustainable, says Aberdeen

Check out the link, the market upturn off the recent drop might be a good opportunity to sell into strength. Market could go higher first but be prepared to use your stop loss for range trading as you have seen the volatility over the last few days.

Of course there are always individual stocks that will outperform, I have liked the Telecom/Wimax plays as of late, and gaming for a bit of speculation, looking to accumulate on the next dip from there recent June lows.... Look at what happened to MGM last night, which GENTING recently bought a small stake! TM has trended up consistently even thru the recent downturn off the recent low of 2.60. People will still gamble, make phone calls and use the internet!!

Buy what you know and use and sleep well at night. This is why I liked Google, Yahoo, and Apple since last year....

Might consider getting back into LVS, but only if the shorts attack it down again!!!!

By the way, WARREN BUFFET said recently, "The market is still in shambles!"

GOOD LUCK!!
HAPPY TRADING!!

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