The market might be holding ground here. If this is the bottom (70% probability), high beta stocks should be in our portfolio.
My favourite beta stocks are United States Steel, and Starwood.
The story for US Steel remains the same. US recovery will push this stock to the $60s. Starwood is a consumer confidence play with target price at $53.
I am adding X and HOT at these levels.
GDP preliminary figures are expected as high as 4.5%. The market will remain choppy, and struggle to go up towards 10500.
I am looking for a peak in Sprint stock for a possible short in the near future at about $6.
1 comment:
hahahaha.......I like you man!!!!! How many times that I told you this is a gambling casino. Buy and short is the name of the game....Gap in the morning is you can make money whether you buy a stocks or short the stocks. This is a game with a lot of cash if you don't have enough cash you lose the game. Don't use margin in this volatile market wait and see....
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