Tuesday, July 10, 2012

Market Update 7-10-12

It’s a tug of war today between the bulls and the bears.  The bulls had the morning, the bears had the noon, let’s see if the bulls take the afternoon back.

Once again Walmart is crankin for today.  If you buy the dips you are doing well when it pops up.  A friend of mine gave me a speculative penny stock, CTDT.  I’m not one to really buy penny stocks because I don’t know the fundamentals and it’s hard to read their technicals as well.  I checked this one out and it is a renamed company with a new stock symbol.  They make synthetic diamonds.  The stock was trading at 20 cents at the start of trading today and it has gone up to 32 cents.  That was a good pop.  I bought 33 shares for around 9 bucks just to see what happens. 

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