Markets are weak, sit it out and wait for better broader markets.
I had already placed the order, but thank you for your input.
Being on the job all day, I can only get on my black berry the first 30 minutes of the market open and at lunch time. I have to make my trades during those times, set a tight stop and try not to think about the market until I get off.
They voted already and it is going to be added to the financial reform bill. It has a lot of limits on credit/debit card fees and the rates they can charge. So if the financial bill goes to vote soon we'll find out. Might be the end of the week or next rumoring has it. Each state wants to be able to set the maximum interest they can charge too.
I asked this in the BP thread, but what do you guys see this going down to in order to be a safe bet for long holders?
you need to let the dust settle if you just jump in and buy your catching a falling knife, let the pps consolidate and get confirmation of the next move higher, we all like to pick bottoms but unless you have a crystal ball it aint happening