Let's get to it. Last time I recommended a ton of stocks. Let's just recap the activity from each.
5 days ago, MRTN traded just below 17 but hit as high as 18.25 on Wednesday. That return would have got you 11% on your investment.
VMC was a beautiful play if you were watching the Chinese earthquake unfold. It's little brother CX also did well. 10% return.
Disappointing me was EGLE. Today it was around 32.50 down from its peak on Monday of 36.
DRYS was up to 115 on Monday...up from Thursday the week at a paltry 105. It's hovering today between 100 and 105.
TK traded as high as 25 after starting the week at around 23.5. No word yet but that upward trade seems very shaky and I do not think this stock will break out soon. Hopefully the market cools down a bit after the Fed's news after rate cut hopes dimmed. It's going to be a rocky summer.
Trading high today were oil prices pushing over 130 a barrel. Today's volatile market is definitely advantageous to day traders and let's the little guy have a little piece of the action. This dampens my spirits when I think about the long term of my V position. Hopefully a ray of hope will come out in november with an administration change.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment