Quote:
Originally Posted by McDick
I sold GG entirely today near the opening at $52/share and bought lots of MA (Mastercard) shares at around $245.
Also, I have covered all my short position, GM, FRE, FNM, WM, DAL, LVS.
I basically have cash in all my stocks and sitting on the sideline to see what will happen next.
Basically all financial/mortgage stocks are considered 'oversold' at this moment.
Any 'positive' news from any financial/mortgage stocks can send the whole sector and stock market up few hundreds points.
So, I am booking my profit for now. Can't be right cash-ing in my profits.
I am waiting gold for a minor correction before going up to $1000. Watching closely at ABX and GG at this moment.
Gold and GG went up too much too quickly.
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exactly what I thought too.
I am waiting to get back on JPM after it settles on/above $35.5. Anything lower and I am not touching it.
GG went up way too much than it should be the past 2 days, due for a correction, might get in again on $47.5