Monday, May 10, 2010
Those crazy stocks!
Last week the Dow dropped 1,000 points in one day before bouncing back. My stocks got whupped good. Too late to get out, its due to some drama in Greece. Time to look for bargains. Picked up The Street (TSCM), they dropped 13%, their earnings report says they reduced their loss since last year by $44 million and revenue rose by 7%. To me this looks like a company getting hammered with everyone else. Which means it will probably rise back to its yesterday level. I think this week is going to see a huge rebound, the analysts will say investors are grabbing bargains. After last week, there are a lot more of them.
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ReplyDeleteBlimey, you should have seen the stock market lately, it is as unpredictable as can be! This materialisation of trends based only on short periods is quite an interesting exercise where trends turn the investor sentiment around rather sharply. According to state of the market and the research of a variety of real estate thesis topics could give some quite interesting information to people who decided hedge against such craziness in stocks using real estate investment strategies.