Monday, August 8, 2011

To be honest, i've seen worse

A lot worse, in fact. It's one hour after the opening bell here with plenty of the stocks on your humble scribe's radar finding bidders and there's been far too much talk about how bottoms rarely form on downspikes this weekend for these contrarian ears. Subbers, that sketched out roadmap on page two of this week is still in play and I may go as far as taking a starter position in the new buy call (page 3 onwards). Also, while I'm in daytrade mood/mode and to push my luck a bit further after Friday's successful foray into, I'm considering a quick in-and-out on Rio Alto (RIO.v) if sub $2 prices continue. The sale would probably come tomorrow if any buy comes today.

The key at the moment is to avoid the illiquid issues too much, even though there are some great looking value prices out there. Nerves are frayed and in an illiquid stock it only takes one guy to panic and decide to sell at any price to dump the PPS. 

Livin' la vida loca, livin' in interesting times. Once more unto the breach, dear friends.