I love patting myself on the back. It does tend to cramp up my arm after a while, so it's a good thing not to do too much. I hope you read my first post a few weeks ago and picked up some Gateway (GTW) when it was hovering around the $1.20 mark. It had a MACD crossover about the 16th and on the 17th, it touched $1.36. Hold it another week of so and on the 27th, the announcement they were being bought by Acer comes out. The stock hits $1.86 that day. Now if I had just bought some instead of just looking at it...
I did more than watch the shares of Superior Offshore (DEEP) the other day. I did get in to a few hundred shares at just over $11. It was nice watching them hit $12.48 interday, before retreating to $12.25 at the close. I see some more upside potential, possibly to around the $14 level.
Gold has just been on a rocket the past few days. The uncertainty over the liquidity in the credit market along with the housing bubble popping has made a lot of folks nervous. What with the fear of the American Consumer putting away their collective wallets, houses sitting on the market longer and longer, and the retail sales data starting to come in from the back to school season, we might be facing a lot of missed numbers in the retail and durable goods area pretty soon. The credit issues are also affecting the autos, as well as the consumer electronics market. Witness Apple's (APPL) dropping the price on the new Iphone just two months after the debut. Is there a miss in Apple's numbers coming too? Watch this space to see when to buy...
Back to gold though, it's looking hot for the next while. With the Central Banks injecting more money for liquidity, it's like putting the presses on overtime. Add to this the Syrians and Israel stirring things up, and the price of oil begins to rise. Can you say inflation? I knew you could. Just makes Bernake's job all that much harder. Buy (GLD) or mining stocks. I'm in (BLRV).
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