Oct. 27, 2009 (Business Wire) -- Zacks highlights commentary from People and Picks Trader “rjm77me”.
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“rjm77me” is buying where the waters are red.
“When do you buy - when you see a sea of red.
I found following stocks as great market proxy:
(AMEX: URE) - ETF Low at 5.51 and closed at 5.92 - 8% move
(NASDAQ: DRYS) Shipping play - Marine index has been creeping up
(NYSE: GNK)
I did buy (NASDAQ: DRYS) in my 401k at 7.07 and consider as trading vehicle for $100 - buy limited quantity of 500 to 700 shares and buy with limit orders and limit sell orders.
Another potential buy is (NYSE: GE) - for longer term - is in down trend at this time.
I am trading these in my trading account.”
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