Stop $73. Above the 50-day. New green bar.
*My thoughts on media, analysts, and hype: Everybody's selling something. Media are selling eyeballs watching advertising. They like to generate riviting content like arguments, shouting matches, overblown headlines, and outrageous guests to keep you watching. Analysts are selling "tips" and excitement, to get you to trade. Their masters make money off your trades, whether up or down. Cramer says "Stop Trading" but he then gives you dozens of stocks you should buy buy buy or sell sell sell. Pimco sells bond funds, so Bill Gross gives you doom and gloom. Hedge funds need volatility, big swings, because they make huge bets for small margins in both directions. Last thing they want to see is a quiet day. They want you to trade trade trade.
Do your own DD. Listen to the "pundits" with suspicion; what are their ulterior motives for whatever they're saying? Follow the money, ! not the hype...what is the smart money buying?
$76.71 (10/05/07)
