Oh boy, Friday sure wasn’t pleasant, especially if you had even a whiff of a “momentum” stock in your portfolio. I had plenty – “mo-mo” stocks are companies I use every day – so I’ll look at a few and tell you what I did.
But first a look at the Nasdaq, which got crushed.
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Regarding some of my momentum stocks, remember: when I start buying, I always anticipate a further drop. If they go up immediately, that’s a bonus. But, if they drop after I buy, I simply wait and buy even more. Nothing drops forever, so you just have to be patient.
Anyway, let’s take a look at TD Ameritrade (NASDAQ:AMTD).
Next up is Google (NASDAQ:GOOG), which I’ve been getting clobbered on. Hopefully, a bounce is near.
Back next week to see if the “Nas” can muster any kind of move up.