Thursday, December 9, 2021

Growing cautious on the market and laying low on "spec stocks".

 


Market Talk
 

This is a volatile market indeed.  Things change fast.   One week, the Fed is talking inflation, the next week Covid fear takes over, then the fear is lifted and what do we have?  A herky-jerky market with stocks whipsawing all over.  While the market has bullish days, there are concerning macro events that are starting to play out, namely Russia massing troops on the Ukraine front. 


Stock Talk


One stock that may be an accumulate or a buy some here and there in my view is Ford (F).   Currently, I favor a small position with a dollar cost average mindset for a possible long position. The following IBD report is a nice summary of Ford in the market.

 
I am laying low on spec stocks and holding more dry powder.  Why? because it seems like when ya start to think a spec stock is going to breakout, they pull something that goes counter to share value such as share dilution, or something happens that is not favorable to a spec position. 
 

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ALL in my humble opinion, scroll down and read more..

This site does NOT make Buy / Sell recommendations.
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