Market Comments Submitted by Nick at Ambitions as a Stock Trader
Submitted by My Ambitions as a Trader and Investor
End of the Day Recap/Stock Picks and Trade Ideas for Tuesday October 23, 2007
Just when the situation looked ready to get super ugly, the markets put in a surprise positive reversal. The reversal was most likely a combination of dip-buying traders and positive tech sector earnings reports. Still, the tech saturated bounce was more then enough get the DJIA involved in a little positive action. At the moment it is still too early to tell if this will be a failed attempt or a successful one in refueling the rally. More action and hints toward an actual direction will be needed. Until then we’ll have to get used to some sideways (wave-like) action.
New Long Ideas: CRDC (very volatile and risky-but at a good low-risk buy point), CYBS (if you didn’t grab today it is still a good buy), GSB
Add To: HNSN, JOBS, LULU, PGI
Sells: ALLI, GVP, SYNP
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