Low volume

August 15, 2007

While the selling was widespread yesterday the volume was much lower. The 65 days ratio continues to be in negative territory. Volatility still remains high. If volatility decreases and we get in to slow bearish phase, it will be time to look at some longs which have not been dented by the selling so far.

I have been looking at stocks which have demonstrated superior relative strength during the sell off and there are many candidates which are just clinging to the top of their range. They also have excellent earnings and sales growth and they are just waiting for the volatility to decrease.

10 comments :

  1. MikeAug 15, 2007, 8:29:00 AM

    You may want to look at POT. Terrific fundamentals and has held up very well. If you do look at it, please let me know your thoughts on this one as a possible buy if the time is right (whenever that time comes...).

    thanks,
    Mike

    ReplyDelete
  2. wilfeeAug 15, 2007, 8:50:00 AM

    Pradeep,
    Happy Independence Day to you.

    Jai Hind

    Adam

    ReplyDelete
  3. VishalAug 15, 2007, 9:04:00 AM

    hey, yeah, almost forgot August 15th

    Lets hope we will be better off as a nation in the next 60 years

    Vande Mataram

    Vishal

    ReplyDelete
  4. mystockdiaryAug 15, 2007, 9:31:00 AM

    All Indian fellows,

    Vande Mataram

    As Pradeep noted in his post that crime is also going high with sensex, we will need strong leadership in coming decades for continuous growth of nation.

    ReplyDelete
  5. walterAug 15, 2007, 10:03:00 AM

    pradeep,

    how would you describe earnings season, excluding all the credit and liquidity negativity, etc.

    any commentary from zachs?

    thanks!

    by the way, is everyone in india still talking about that bollywood actor and terrorism? were muslim or hindu nationalist terrorists involved?

    all the best...

    ReplyDelete
  6. walterAug 15, 2007, 10:04:00 AM

    pradeep,

    how would you describe earnings season, excluding all the credit and liquidity negativity, etc.

    any commentary from zachs?

    thanks!

    by the way, is everyone in india still talking about that bollywood actor and terrorism? were muslim or hindu nationalist terrorists involved?

    all the best...

    ReplyDelete
  7. walterAug 15, 2007, 10:08:00 AM

    This comment has been removed by the author.

    ReplyDelete
  8. UnknownAug 15, 2007, 10:21:00 AM

    Yes, I agree Pradeep. It seems likely that yesterday was a downward momentum trough at least in the very near term. We are likely to see more range bound trade in the short-term.

    ReplyDelete
  9. UnknownAug 15, 2007, 5:41:00 PM

    Long SPY calls this afternoon.

    ReplyDelete
  10. SANTOSH SHINDEAug 15, 2007, 6:16:00 PM

    High volatility had some great Iron Condor for quick money and 40% risk.

    Play by market.

    ReplyDelete

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