Don't sell stocks on Monday.
I have briefly mentioned about the book titled
"Don't sell stocks on Monday" in my previous blogs.
Now you know why.
Statistically speaking, Monday is by far the worst day in a week. There is no scientific explanation about this phenomenon but it is probably because most investors are pulling their hair out during the weekend thinking about the potential disaster on up coming Monday and thus place a sell order. This obviously makes stocks to go down, confirming that his/her gut feeling were right.
The truth is: markets usually come back up the next day.
More hairs are pulled in coming days (ouch!).
Let me just say, I see too many people with thinning hairs...
Allow me to show you the damage (in a day):
ICE -15%
ZOLT -11%
TRID -13%
RMBS -7.5%
AKAM -8%
Some of these are great buys.
The shopping season is indeed in full bloom.
Certain stocks are a no brainer buys, they are:
MVK at $43 (we sold this at $57.77)
BJS at $31 (we sold this at $$39.50)
OIH at $140 (we sold this at $165.11)
Lastly, MATK will release 2nd quarter numbers on June 6th. This one better be good or my love will quickly disapate (I think it will be good). If the news is good, expect the stock to jump quickly toward $30. Cross your fingers (the management have been extra quite lately).
Oh, on the same day (6.6.06) a new movie is being released (The Omen!). I loved the original , first Omen - it was scary - just so you know, not many movies scare me.
Even the market doesn't scare me for god's sake.
P.S: For my trading acount, I did not buy RMBS as per my last note - it did not cross $27.6 mark. RMBS is looking better than ever for a short, quick trade! Instead, I bought RSAS today at $14.89/sh. This one looks promising for a quick jump. Look and learn if you have the time.
PPS: Our BTYH went up 16% today on top of almost 19% last Friday! This is now my third largest holding. What's more amazing is that the market was horrible today - great sign. Good things to come...
"Don't sell stocks on Monday" in my previous blogs.
Now you know why.
Statistically speaking, Monday is by far the worst day in a week. There is no scientific explanation about this phenomenon but it is probably because most investors are pulling their hair out during the weekend thinking about the potential disaster on up coming Monday and thus place a sell order. This obviously makes stocks to go down, confirming that his/her gut feeling were right.
The truth is: markets usually come back up the next day.
More hairs are pulled in coming days (ouch!).
Let me just say, I see too many people with thinning hairs...
Allow me to show you the damage (in a day):
ICE -15%
ZOLT -11%
TRID -13%
RMBS -7.5%
AKAM -8%
Some of these are great buys.
The shopping season is indeed in full bloom.
Certain stocks are a no brainer buys, they are:
MVK at $43 (we sold this at $57.77)
BJS at $31 (we sold this at $$39.50)
OIH at $140 (we sold this at $165.11)
Lastly, MATK will release 2nd quarter numbers on June 6th. This one better be good or my love will quickly disapate (I think it will be good). If the news is good, expect the stock to jump quickly toward $30. Cross your fingers (the management have been extra quite lately).
Oh, on the same day (6.6.06) a new movie is being released (The Omen!). I loved the original , first Omen - it was scary - just so you know, not many movies scare me.
Even the market doesn't scare me for god's sake.
P.S: For my trading acount, I did not buy RMBS as per my last note - it did not cross $27.6 mark. RMBS is looking better than ever for a short, quick trade! Instead, I bought RSAS today at $14.89/sh. This one looks promising for a quick jump. Look and learn if you have the time.
PPS: Our BTYH went up 16% today on top of almost 19% last Friday! This is now my third largest holding. What's more amazing is that the market was horrible today - great sign. Good things to come...
posted by Jaewoo | 11:51 PM
2 Comments:
If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan
These are all amazing! I want one with a slide down it at the side, still a child at heart.
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