Thursday, August 02, 2007

Stock Ideas and Market Thoughts by Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

The Indices wild and erratic movement has many on the NYSE floor rubbing the back of their necks in pain from the whiplash they have sustained since today's opening bell. As I am writing this, the Dow is up over 70 points. Quite a difference from where it was trading 30 minutes ago. Is this an invite to jump back in long and strong? Maybe. I've decided to sit this one out and wait for more signs and clues that may indicate that the worst is over.

At the moment, I will not be adding any new longs. I will simply add to stocks that are showing strength and getting rid of the ones that are weak.....

Showing Strength: VSEC, BLOG, SPNC

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