Markets volatile the past four days. Similar to historical precedent, Dow dropped 200 points day before Thanksgiving, then gained 160 on day after Thanksgiving on short 3 1/2 hour session.
Unexpectedly, the Dow drop 237 on Monday with most of the losses in final half-hour.
Now on "Turnaround Tuesday" we're up around 200 points. I'm placing two buy orders near the close today:
a) 2nd purchase of RIMM, 100 sh around 115
b) New trade, buy 100 FXI around 175
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1 comment:
Looks like that may have been the wrong move to buy FXI into the close today. More subprime write-offs AH today will spoil markets overseas tonight (Hang Seng namely) and US markets for Wednesday. Good luck to you though:)
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