Post by Admin on Jul 15, 2004 2:19:11 GMT -5
"Yea though I walk through the valley of the shadow of death, I will fear no evil, for thy rod and thy staff, they comfort me." 23rd Psalm
Guess what the shepherd uses that rod for? Some sheep are born to wander, but the Good Shepherd will always leave the 99 to go after the 1 that is lost. If the sheep continues to wander, the rod becomes a tool to break his leg. OUCH!
No more straying for a while, but now the shepherd is forced to carry that little wanderer until the leg heals. That's a GOOD Shepherd! No matter how far WE stray, Jesus will do whatever it takes to return us to the fold. Even if he has to carry us. Amen!
We said last night we had issues with where the market was headed. We opened sharply lower, managed a brief rally, then fell deeply back into the red.
Last night the world was cautious, tonight I think the world is short. Technical indicators are my guiding light for trades (vastly different from my buying strategy) but when I see a global herd mentality, I have an overwhelming desire to spawn. Call me contrarian, call me salmon, or tomorrow night you can just call me wrong. If I am..........
I always caution you about the importance of not losing money, more than I teach you about making money. Why? Because I care about you, your family, and your future. Learn not to lose, and the rest of the equation will fall into place.
If you are short, set your stops. We have a firm rule on stop loss prices for our long positions, but you have to be even more disciplined with short positions. Be careful - long or short, OK?
MDC did retrace today. With yesterday's $4 run I'm surprised the sell-off wasn't more severe. Just a little profit being taken off the table, evidenced by increased volume in the face of a declining market.. If today's rally had held, we would have had the multiple trading opportunity I hoped for last night. Short off the open and long into the close, but it didn't play out that way.
Being in the home building business right now is very bullish. As soon as rate increase fears materialized, housing prices in some areas of Metro-Phoenix increased as much as 30%. With the very real possibility of additional increases, home prices will continue to rise as potential buyers stampede the banks and builders to "lock in those rates" to buy over-priced houses. MDC should continue to show strong earnings as a result and still continues to trade well below it's book value. A little more profit may need to be trimmed before the next run. When it turns, be ready. Take your laptop to lunch.
Tomorrow>
+ GGB ARA ISG RIO X NUE SFY WXH WRS
Blessings
CT
Guess what the shepherd uses that rod for? Some sheep are born to wander, but the Good Shepherd will always leave the 99 to go after the 1 that is lost. If the sheep continues to wander, the rod becomes a tool to break his leg. OUCH!
No more straying for a while, but now the shepherd is forced to carry that little wanderer until the leg heals. That's a GOOD Shepherd! No matter how far WE stray, Jesus will do whatever it takes to return us to the fold. Even if he has to carry us. Amen!We said last night we had issues with where the market was headed. We opened sharply lower, managed a brief rally, then fell deeply back into the red.
Last night the world was cautious, tonight I think the world is short. Technical indicators are my guiding light for trades (vastly different from my buying strategy) but when I see a global herd mentality, I have an overwhelming desire to spawn. Call me contrarian, call me salmon, or tomorrow night you can just call me wrong. If I am..........
I always caution you about the importance of not losing money, more than I teach you about making money. Why? Because I care about you, your family, and your future. Learn not to lose, and the rest of the equation will fall into place.
If you are short, set your stops. We have a firm rule on stop loss prices for our long positions, but you have to be even more disciplined with short positions. Be careful - long or short, OK?
MDC did retrace today. With yesterday's $4 run I'm surprised the sell-off wasn't more severe. Just a little profit being taken off the table, evidenced by increased volume in the face of a declining market.. If today's rally had held, we would have had the multiple trading opportunity I hoped for last night. Short off the open and long into the close, but it didn't play out that way.
Being in the home building business right now is very bullish. As soon as rate increase fears materialized, housing prices in some areas of Metro-Phoenix increased as much as 30%. With the very real possibility of additional increases, home prices will continue to rise as potential buyers stampede the banks and builders to "lock in those rates" to buy over-priced houses. MDC should continue to show strong earnings as a result and still continues to trade well below it's book value. A little more profit may need to be trimmed before the next run. When it turns, be ready. Take your laptop to lunch.
Tomorrow>
+ GGB ARA ISG RIO X NUE SFY WXH WRS
Blessings
CT