Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.
Friday, May 22, 2009
Lottery Tickets 2 - Fourteen Days later
As previously mentioned, the second Lottery Tickets are MUCH higher risk. So these lottery tickets aren't for the feint of heart.
Lets take a look how we did 14 days later.
The lottery tickets have lost ground since last post (click). However, all things considered, not doing too bad. If you haven't bought lottery tickets, and where thinking of doing so, or if you haven't yet bought the full target volume, consider this.
The banking index broke down the 21st below the bull trend line. See below. Trade at your own risk.
Also , on earlier lottery tickets I said Ford maybe a long term hold. I change my mind. Sell all ford! Why? The us Government will in effect operate the zombie GM company, allowing it to offer financing and pricing that Ford can't match. So the US Government saving GM jobs will eventually cause Ford to shed jobs. When will people learn! There is no such thing as a free bail out!