Thursday, June 18, 2009

a view on stocks

some thoughts by one of our members on today's stock market:

"
yesterday was up sligtly or not down as much as previous 2 days.
i am still figuring markets down, but compared to last year, markets i think are down 50-100 points, which i think is more normal.
it was going up at about that same pace in april and may, and early june.
any plays to upside, keep tight stops.
possible plays on downside.
morning looks like might be up
markets been channeling up slowly, now seems to be channeling down slowly


agriculture sector seems to be really down.
agu, pot, mos, mos feed, But after a week or so, might provide buying opportunity

steel
internet
some financials, or the ones including ms gs
oil
are weak,
as i said, i think markets are slowly pulling back,
but this should give us opportunity to buy, we hope in a bout a week or so.
but this in heading into summer, typically slower for stock market, until later july early aug, to sep when
fall , and market picks up again."

park

wing #1