Stock Market
All comments and Stock Market Ananlysis are made by Guy Brumley. Guy has been trading the Stock Market daily since 1992.
Trading, evaluating stock prices and predictions
Stock Market Commentary 4-23-2009
The market was down big then up big and finally down at the end of the day. My computer has been down since Tuesday morning, and I just got it back 10 minutes ago (It is Wednesday evening at 10:30.) I have not been up to date with the news, earnings, or happy horse-shit stories to make a call on any stock, or whether to be piling into this market or taking profits and going to cash. When in doubt, go to cash. Never let any gain turn into a loss.
ISRG has continued to run to the mid to upper 130’s, while the indexes have swung between the 7800 and 8100 level. There seems to be an effort to beat the averages down. There has been a lot of negative news regarding increased foreclosures and more gloom and doom about the financials.
Normally, I would review the new high list from today to look for any new prospects, but it is too late to start any number crunching. The only stock I will mention is HOTT.
I will review it tomorrow. This computer still has gremlins running around in it.
Return to Previous Market Commentaries