11/14 Kelly Letter Topics
Weekly market review
The bottom holds
Big bounce volume
Recession projections
The magic midpoint
LevMark Timer holds
Crocs is dying
Hope for Goldman
Importance of retest
The markets have been heading lower and will probably continue that trend over the next few days.
Now that you already missed the chance to buy Sun Microsystems at the $3.50 level I recommended, you will still probably have a shot at getting in under $4, which should prove to be profitable. Why just last Thursday the stock almost hit $4.30 and it closed yesterday at $4.06. A wild leg down could be just what you need to stop feeling so bad about missing the bargain prices. I won't keep hammering on the missed $3.50 price, because you can see it yourself on this chart.
