Jeff Pierce

No Good Reason to Buy

Being caught on ultra quick reverals like today is what you as a trader are trying to avoid. Many of those stocks are suffering big down days today and unless you were quick to take profits you could be stuck in losing positions as well. Respect this market and realize it must suffer a big down day (10+ percent) to cleanse itself before any significant rally can be had.


On Mar 04 03:00 PM drbob66 wrote:

> FLR is up 9% today. JOYG up 13%. AAPL up 4%. PFE up 6%.
>
> Yeah, no good reason to buy.
>
> Nice call.