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  • Investing Ideas_09 16 2010 review 0 comments
    Sep 16, 2010 8:14 AM | about stocks: F, SAN, GS, BYD, ULTI, UAUA, OWW, PCL, PBW, VWO
    "With an evening coat and a white tie, anybody, even a stock broker, can gain a reputation for being civilized."
    Oscar Wilde (1854-1900) Poet & playwright
     
     
    Dow Jones Industrial index is still on the wave. We only want to say it is above SMA200. But the turnover does not support index at this level.
    We realize that the correction may come. Because we can see that in the chart and also we see that good news are replaced by bad mood news…
    That’s ok. We have seen a fine opportunities in the market, but prices are too high to buy. So correction could help us to buy good stocks at a reasonable price. As W.Buffett said: with a discount.
     
    Dow Jones daily chart:
     

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