Just insane... (DJ v. Newscorp)

2 May 3:53am
Posted by zenoizen
0 Comments
 Rupert Murdoch makes a phone call and Dow Jones Corp shoots up $20?  When the other shoe drops (Dow Jones Corp says "We'll think about it") and reality kicks in, DJ's gotta correct.

By how much, though.  That's the question.

Update:  DJ is ending the day at >$57.  I'm totally wrong on this one so far.  We'll see what happens.

Also, why is it that my $56 stop-loss order didn't happen?

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About

zenoizen

Current strategy...

1. Reduce losing positions. I've got a slew of stinkers in my portfolio. Many of them are down simply because everything is down. Thing is, I need the cash to pick up a few things that I'm sure are due to move upwards. So, I'm taking some losses to get the needed cash.

2. Buy. Markets are down, but there's no doubt that there is going to be some general upward movement over the summer of 2008. I'm concentrating on ETFs to get the built-in diversification. Plus, I'm also trying to find ways to play different commodities and currencies etc. that will probably gain a few percentages... looks like corn, coal, the dollar and interest rates are the way to go right now...

3. Wait. A lot of the "crap" I'm holding is actually undervalued, and ought to return over the next quarter or two. My excessive shorting of QID will most likely be mitigated in the medium term. Time heals all wounds, they say. Hope they're right!

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