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Archive for November, 2008

Sunday Notes

Sunday, November 30th, 2008

The DJIA has run up over 1,000 points in last 5 days on pretty light volume.  This recent rally has me a little skeptical.  The 1,000 point move, the light volume, and also the NASDAQ McClellan is now at a +65.  This an extreme overbought reading.  I would not be surprised to see the market [...]

Thanksgiving and BGH’s One Year Anniversary

Wednesday, November 26th, 2008

November 27th is Thanksgiving in the United States.  So, all of us at BigGainsHunters would like to wish everyone a Happy Thanksgiving!  We are thankful for all of our readers.  The markets will be closed on Thursday and will have a half-day on Friday.
November 27th is also the 1 year anniversary of our blog.  In [...]

Tuesday Notes

Tuesday, November 25th, 2008

We are heading into the Thanksgiving holiday, so I would expect volume to be very light for the rest of the week.  Volume was actually light today.  A couple of stocks hit my radar today.  I will list a few notes, as it is still very difficult to buy stocks in this environment.

Question of the week

Sunday, November 23rd, 2008

What is going to happen with (C: 3.91 +0.03)?
Look what I said back in November (almost one year ago) about this company.
The Citigroup news and the Freddy Mac news is not good. Don’t let CNBC fool you. You don’t sell a stake in your company or cut your dividend when things are good. There is [...]

XOM

Saturday, November 22nd, 2008

I scanned over the IBD 100 today and I found a couple of themes.  1) Most of the stocks listed have average daily trading volume near 250,000.  2) Many stocks listed are still well off their 52 week highs.  3) Most all stocks listed are trading below $50.  I am going to highlight number #19 [...]