Tuesday, August 07, 2007

Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Nice Up Day...

Today was a strong up day. Unfortunatly for me, most of my new trade picks faltered pretty badly. The bounce that I was expecting in VCO and CU never happened. Even my micro-cap plays seemed to not want to participate in todays rally. What's going on? Could this day simply be an over-inflated bounce? Judging by the large amount of stocks that haven't reacted well despite the 280+ point rush, I would be slightly cautious. We were in oversold mode and in desperate need of a bounnce. Lets see how things work out for the rest of week...

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