Monday, October 25, 2010

GLAD THIS MARKET IS IN A CONFIRMED UPTREND.

So the stocks are moving into an oversold area and the SPY continues to rise.  (Is this a pump by the US Treasury to keep the market up prior to elections then dump the market once the Repubs take over? The fall could then  be blamed on the Repubs.  That's what volume is telling me as trading volume is dropping during this rise.  Or, is this a market of no sellers because the big boys such as Goldman Sachs are holding onto their shares only to buy more once the Repubs are elected?  Damn good questions)  

I am noting that it is time to consider buying back your "insurance" plans that you should have sold a while ago.  In fact, I bought back my "insurance" plan on APWR today.  Sold it at $1.20 per share and bought back at $0.85 per share.  

I am also stalking JCG and HEAT as opportunities to buy back the "insurance."  I have set buy limit orders to close out my insurance plan.

No comments: