March 12, 2016
If you are a short term stock trader you have been doing very well over the last three weeks as the indices moved higher. But this has been a huge short squeeze and the long term trend is still down within this bearish market. We would not be buying stocks, as we have been saying for months.
SHORT term the technicals tell us the momentum is UP so stocks can continue higher but quite frankly we don’t care at this point. We heard an advisor talking about shorting the market now: this would be a huge mistake. If you own stocks, continue to hold for now but you need to have sell orders in place in case they decline.
We are buying bond type positions (scroll down)….and also looking at an oil refiner to buy. As we have said we are in preservation mode and are not interested in a lot of risk.
March 9, 2016
BUY EBAYL under $25.00. Investment grade baby bond from Ebay. BUY. 6.0%
Financial services holding company BB&T Corporation is selling a new perpetual preferred stock offering. BB&T has sold a new 5.625% preferred stock offering and the new, investment grade shares now are trading on the OTC Grey Market under the temporary ticker BBTTP. BUY under $25.00 right now..