SP500 on sale again

Buy the S&P500 on yesterday's panic day. There should be some type of rally. But if not, then get out with a 2-3% stop. Can it really drop again, that quickly?

10069 high to 9737 current price on the Dow is a 332 point sell off and remember that the last down day for the general market was an up day for the Dow, due to IBM's strong earnings performace.

Short Gambling?

LVS, MGM, and WYNN have had impressive runs. This is a long shot but one of them may go broke, so why not way out of the money puts?

$5-10 bets may be a 10 bagger (1000% gains).

What to do

The market is up so should one worry about a correction? Yes. But one can reduce the worry by buying stocks that are undervalued. As Mr. Dines, the newsletter writer, often comments: "Drink upstream from the herd"

As to today, let the market settle. There should a clear trend late today or tomorrow.

Of course, by then I will be going down the aisle and definitely not have the financial market in mind the rest of the week.

What to do today

Nothing.

1) Earnings season with a lot of headline dissapointments
2) Options expiration

Enjoy the weekend!

What to do after making 100% profit

My friend emailed me that he patiently waited and made 100% on his Hecla position and now asked me what to do after taking half off the table. He explicitly mentioned that he wants to put it into other cheapo companies.

Since he has a precious metal mining company we need to diversify into other cheap stocks in other sectors.

Here are some suggestions:

Battery: CBAK or XIDE
Teleco: VG
Defense: TATTF
Private equity: ACAS
Transport: YRCW
Medical: CRY or CXM
Energy: DEJ
Retail: MFGD

Uranium Miners popped yesterday

LOOK AT :

CAMECO /DENISON /EQUINOX /CONTINENTAL PRECIOUS /LARAMIDE AND UEX

LOOK AT :

MEGA BELOW A $1 BUT UNDERSTAND THEY ISSUED MORE SHARES WHEN THEY FELT IT OPPORTUNE. MORE CASH EQUALS MORE PROFITS AND LESS PROFIT SHARING WITH FOREIGN COMPANIES

Vonage

vonage went from $0.50 to $2.00 very quickly and will most likely keep popping since they have a viable technology.

This is a penny stock that has a clear trend in site.

UP!