StockPunk

I thought this morning that I would take advantage of the market sell off and buy some of the stocks that took big hits but were high up on my buy list. I put stops on SPAR, TIE and KRSL. I’m not feeling positive about my purchases after the market shot up nearly a percent it is back down to zero at 9:20 am. I think I jumped in a little too quickly and it may hurt me. Kirk said this morning “While things look positive in the early going, I'd be very careful when putting cash to work. If anything, strength here should be used to reposition and to reduce your risk exposure if you haven't already done so.” I should have listened.