Watching some longs

At some stage in next couple of days a bounce will again take the market higher. Many of the over eager bears may again learn a lesson in the mysteries of markets mechanism. There is a bearish fantasy of crashes and rapid moment down, but in reality that happens very rarely. More common phenomenon is market goes down, thickens at next level, bounces and the cycle continues.

Sometime it helps paying attention to stocks showing extraordinary momentum at such times or stocks just beginning a fresh moves. Many time it is an indicator of sector rotation. I am nibbling at some small positions in some stocks. You get a much better entry during downturns sometime. Some of the stocks I am watching or nibbling at are LFC, UAHC, LFG, BIOV, BITS, CRM, FRNT,AUXL, QDEL, etc.

No comments: