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  • Bret Kenwell
    Will likely see selling into EOD. Too much weekend news for people to risk.
    6/15/12
    Reply (17)
    • neobliviscar: That would be logical. Is this market behaving logically, or sort of panic run from one side of the boat to the other side. Back and forth.
      6/15/12
    • Bret Kenwell: true. It would also make sense for volatility to go up in back half of the day. Little more frenzy on the last trading day before the wknd.
      6/15/12
    • neobliviscar: I don't have any short term insight on this one. Money prints. Re-inflation occurs. How bumpy is the ride? China concerns me more long-term.
      6/15/12
    • Bret Kenwell: Long term, it's a crap shoot. The Fed will save us one or the other. Eur is a disaster.
      6/15/12
    • Bret Kenwell: I mean long term investor can start many positions now if they want. Will we go down? probably, but on a value basis, many names are very
      6/15/12
    • Bret Kenwell: cheap, and thus will appreciate over a long time horizon. A nice divy would help too.
      6/15/12
    • neobliviscar: I'm surprised by the stocks people are crowding into and the ones they are fleeing. NKE has been out of our basket for a long while. Now..
      6/15/12
    • Bret Kenwell: They saw some selling yesterday. QCOM and SBUX are on my watchlist. They are getting cheap too
      6/15/12
    • neobliviscar: -10% tank on up days. I lean towards buying the deep dips of the perpet rebounders like NKE, MCD, PEP , but others crowding high div plays.
      6/15/12
    • Bret Kenwell: Yes, Hi div. is becoming a more and more popular hide out. T-notes suck. equities are risky (for many) hi yielders get significant payouts.
      6/15/12
    • Bret Kenwell: and yes NKE and MCD are good deep dip buys. you think NKE is a good buy around 100 yes?
      6/15/12
    • neobliviscar: If NKE earnings report has been leaked (this has happened twice before), it usually translates into a -10% drop pre-release, another -5%post
      6/15/12
    • neobliviscar: ...then solid short covering support as last dredges get shaken out, climb back to pre-release levels and growth. So buy in the $95 to $100
      6/15/12
    • Bret Kenwell: hmm. Well thanks for the info. Appreciate it neo.
      6/15/12
    • neobliviscar: If earnings miss and it goes below $100, I don't know if I will sell $95 or $97.5 puts for big premium or just go covered call. Either way..
      6/15/12
    • neobliviscar: risk to reward is very good below $100 if you are willing to hold it for up to 3 months.
      6/15/12
    • Bret Kenwell: True, true. NKE strong company with strong name brand recognition.
      6/15/12