Not a whole lot to add here this weekend. The markets were wild the past week, yet closed up. Why did I say yet? Did you hear all the negative and ugly talk about the stock market this past week. Sheesh. You could have sworn we crashed last week, YET here we are finishing the week up not down. Forget emotions when it comes to trading. You dont make money with your opinions. You make money with the price bars (or candlestick bars).
The one thing I keep learning every earnings season is the fact I HATE REGULATION FD. This thing is a joke. News being leaked out to favored analyst used to help good traders spot institutional buying and selling before earnings. Now there are blowups and gapups. It is a silly rule that really does nothing but hurt traders who trade for a living. Now if you want my opinion on Sarbanes Oxley, I point you in the direction of the pink sheets. There on the pink sheets you can find this stock called Refco. Good thing Sarbanes Oxley was there to protect investors. PFFFFTTT. Once again, a joke. Crooks are crooks no matter what. No stupid law will stop a crook from being a crook. Instead all the great companies have to spend a ton of money to protect the investor from the Enrons. This stupid law is set up to protect investors? How? Why is an investor investing in a company like Enron anyway. If it looks to good to be true and you cant figure out how they are doing this you dont invest in it. There should be a Sarbanes Oxley law for people who invest money in scam companies trying to get rich. If you are greedy, you get what you deserve. There is a fine line between Capitalism and greed. Greed is the reason so many Anti-American people bash capitalism. Greed is also the reason new traders that get into this game "to get rich" will be gone in three months to one year.
This is a game that works only for the people that love the game. AND I LOVE THIS GAME.
New Swing Longs: AXE WSTC ADP RAIL GMCR
Longs Outperforming Market: KEX SIGI LCC REGN ASF(139%) WES SYNT
New Swing Shorts: XNPT UTHR MOH TU EMAG
Shorts Outperforming Market: NONE
Small Stocks On Radar: ICTG IFO SNTO RLH
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