Jan 14, 2009

Trading alert Jan 15

posted last week that market was showing signs of pessimism and technical breakdown, lucky I got out of my trading positions. Going to place orders near the 52 week lows for the following stocks - we are going to re-test the lows again. Hopefully I get filled close to the 52 week low. I personally don't think we will go into a depression but the way the market is trading, it appears that the market is pricing in a long recession.

Here is my list and target buy price (a little above the 52 week low)
BNS $28.75
BMO $29.50
SU $20
COS.UN $18.50
HBM $2.80
TD $39
AAPL $75 (apple)
DIS $19 (Disney)

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