Thursday, June 28, 2007

Historical Note: Stock Trader's Alamanc for End of 2nd Qtr

In 12 of the past 15 years, the Nasdaq has gained an average of .4% on the last trading day of the 2nd quarter. While I have not used the 2007 version as extensively as in prior years because of several bad trades, I do not believe I can ignore any potential one day gain.

Therefore before today's closing bell, I will buy 100 of CLB, even though it has run 10 straight points up, because it is has breached above the $100 price level.

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