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Tuesday, October 16, 2007

Bottom Fishing

Hello and good morning to my fellow traders and investors. Well I'm taking a shot at getting into some of the stocks I like. I'm probably setting my price to low and they will not get filled, but just in case they do I will be very happy. If they don't fill I can re-evaluate later today. I got a stop order for my Exchange Traded Fund symbol EWA. I got in at $23.00 and have set my stop at $32.00. The four stocks I'm trying to get into today are VIP, CNH, RIO, and POT. As you can probably tell I have more confidence in the foreign markets than the U.S. through earnings. My lowball price into these hopefully will be: VIP= $27.00; CNH= $57.79; RIO= $32.24; and POT= $103.79. Again just trying to get in off a quick drop and sell at a feasable recovery point.

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