Wednesday, September 28, 2005

Markets

I'm changing my stance on the markets; I think we hit a bottom, and I expect the markets to rebound significantly over the next few months.

An opinion on Sears Holdings (SHLD). I've been tracking the stock the last couple of days, and there has been extremely strong support in the 120 area. I don't think 120 will be breached. The reason is because SHLD announced a 500 M buyback, and also, an insider has been buying large amounts of shares in the 119-120 range. What this means is that the company will probably repurchase shares at the 120 level. Therefore, I think SHLD would be a good buy there.

Btw, I bought PD. Its pretty high, but I still like commodoties over the rest of the other stocks.

4 Comments:

Anonymous Anonymous said...

Very interesting information and read on your blog. Please come and check out mine sometime if you like http://www.forex-affiliate.com/Affiliates/main.aspx?ref=5836-ask jeeves affiliate program

8:43 AM  
Anonymous Anonymous said...

I like your Blog - some interesting comments abound!

You are welcome to come visit my site http://www.forex-affiliate.com/Affiliates/main.aspx?ref=5836 which is about internet affiliates

8:58 AM  
Anonymous Anonymous said...

Dear fellow blogger - I appreciate the the detail and info on this site. Enjoyable Read!

You are welcome to come and see mine at http://www.easy-forex-broker.ssr.be Gives info about forex onlien trading

2:03 PM  
Anonymous Anonymous said...

Dear blogmaster - Doing the Google search found your blogsite. Some content here is very thought provoking. Not sure i agree with all but hey this is a democratic world - on the whole!!

All the best and respect, from Dave - http://www.easy-forex-broker.ssr.be which is about real time forex free

2:27 PM  

Post a Comment

<< Home