Wednesday, July 19, 2006

A ridiculous rally

Yesterday was a tough day for my account. I sold my BBY at what felt like a bottom and it was close in time if not in price to a local bottom. I bought CAL and BA and watched them get hammered moments after I bought in. After the close, I told someone that tomorrow is another day. Indeed.

Today is a different day. As of this writing 28 of the 30 Dow stocks are up (link), with only MO Altria and XOM Exxon/Mobil down. Every time I line up a stock to buy it seems to jump before I can get in. Intraday swings are wide, and that makes for opportunities.

No one knows what the next couple of hours will bring, but for now I am enjoying the big rally day. Cheers.

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