This article would agree, with the bear funds shutting it down. Retail shorts will probably jump in soon and get burnt hard. http://www.bloomberg.com/apps/news?pid=20601103&sid=aX8yh0EgfMFE&refer=us
John Stewart on Letterman followup to the CNBC bashing http://www.huffingtonpost.com/2009/03/06/jon-stewart-trashes-cnbc_n_172521.html
If I knew anything about investing I wouldn't have gotten out of the market last Jan 2008. I got out because I don't know enough. I own a little bit of very low priced stock. Very little bit. What I go by is this- got too much debt, stop borrowing Making lots of money and have alot of cash, manage it well. Invest in people who need compassion with every opportunity. This is a great time to invest in God's Kingdom.
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/06/AR2009030602285.html?hpid=topnews Obama to lift federal ban on stem cell funding on Monday. Holding STEM for so long is finally paying off. It is up 35% in AH.
"NYSE Will Start Rejecting On-Close Orders to Ease Price Swings" http://www.bloomberg.com/apps/news?pid=20601087&sid=a27NRFczgoIo&refer=home
Well I think it really depends on what kinds of applicable advances occur in the next few years. If there is a breakthrough in the near future then this stock should be a very good long term play. There have been so many new stem cell lines since W put the ban in place that this action by Obama greatly increases the probability of something really happening soon (now that all the new lines can be utilized). I originally got in around $1.60 before the election and my current average sits at $2.30 because I really thought Obama would lift the ban in the first couple weeks of his Presidency. Turns out that didn't happen and the stock took a severe beating in the last 2 weeks. I regret not selling at least a portion of my holding when STEM hit $3. STEM is now up 57% in AH.
After hours. The problem with this is that everyone knew the ban lift was going to happen. This sudden surge seems to be a classic pump and dump.
Market didn't go through the previous 6449 threshold. I went long on Friday on SSO, PRU, DDM. I think the market is short term oversold, and we may get some rally next week through Thursday, the day mark to market rules are announced. How can anything bad come from this.
Retail investors account for around 10% of daily volume on the broader indexes. The retail investor has been dead for quite a while now. Sentiment indicators are over bearish at this point though, so this usually leads to some upside action.
