chartWhat a great day, why? Because for me, and some of the readers that got in low, are riding high on the new milestone for (VVTV) stock which punched past $3 today and at one point, my potential profit after selling would have been $8960! Did I sell? No. I am still going to wait and have put in a stop loss to cover any profit taking on the stock that might drag it lower. But overall, I am relaxed and enjoying the climb this stock is providing.

Wednesday the markets did have some potential for a extension of a rally, but with dismal results from some of the banking stocks, especially the one all investors with any logic would watch, Morgan Stanley (MS) came out with worse than already poor expectations. It was going to be an indicator for how the day would proceed. (MS) did open low and bargain hunters came in a bought in hopes of holding a gem stock. In my opinion this stock needs to come down a dollar or two before being a worthwhile look.

Here is the market summary for Wednesday:

Thursday:
Economic Indicators:
Initial Claims
Existing Home Sales

News:
Amazon Opens Wallet, Buys Zappos (AMZN).

EBay Results Show Signs Of Stabilization (EBAY).

SanDisk revenue outlook misses, shares fall. (SNDK)

E-Trade reports quarterly net loss of $143 million (ETFC).

Happy Investing!

Aman

Related posts:

  1. New 52wk High for VVTV Shares, Markets End Slightly Lower
  2. Markets Rally, VVTV Spikes above $2
  3. Wednesday Market Summary