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Tough week for stocks with oil close to $65 and could reach as high as $100 if the UN. Security Council imposes meaningful sanctions. Iran thinks it holds all the cards in this dispute and is gambling that the West hasn't the guts to follow through. This time they are wrong as China and Russsia are unlikely to use their veto in the UN. There is no reason to be in stocks except for special situations. Expect GOOG to close over $500 in Jan on a blowout earnings report. MYGN -- stock of the week and stock of the last half of the decade with 3 blockbuster drugs and only 39 million shares -- just like AMGN back in the late 1980s.
I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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