Today is a big day to start this week. I think there is a real chance that if we don’t get some good numbers from the ISM Manufacturing Index, Ford earnings, and Loews’ earnings, the market could be set for a very weak week. Friday was a very awesome day for us. We bought into Ultrashort Proshares Oil and Gas ETF (DUG). We bought into the stock at 12.85 at the top of our range. We were looking for an exit at 13.22, which we hit in the morning for 3%. Our Short Sale of the Day was Tyson Foods Inc. (TSN) on an overvalued downgrade the stock got on Friday. We short sold at 12.75, and we were looking for an exit at 12.38. The stock never hit that, and we got out at 12.50 for 2%. We went 2/2 on the day.
Later tonight, I am going to post a portfolio update for how we are doing based on the past two weeks of performance.
Let’s get into today’s picks…
Buy Pick of the Day:
IN PROGRESS
Short Sale of the Day:
Good Luck and Good Investing,
David Ristau
