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'End-of-show
Comments' |
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Tuesday,
November 4, 2008 |
There was no
Sudden:Death segment tonight.
Instead, Jim had
the following
end-of-show
comments:
Jim:
Now, let's
understand...
there are three
options
tomorrow. One is
that we open
really big. If
we open up
really big, I
want you to
start doing the
sell program
that I talked
about at the
beginning of the
show. All you've
got to do is
look at the
dividends. If
you bought a
stock that was
yielding 5% or
4%, and it's now
yielding above
3%, you start
your selling.
A second option
is that the
market opens
flat. We do
nothing. We
don't have
anything to
worry about. If
it opens flat,
we're fine.
Now, a third
option is that
it opens down
big. You go
right back to
looking at the
stocks that
yield a lot. So
let's use the
example of
Caterpillar Inc. (CAT),
okay... If the
market opens
down big, you've
got a big
infrastructure
play that's
going to be
yielding more
than 4%, you
start your
buying. Don't
even flinch
about it. You
start your
buying because
of the yield and
then, as it goes
down, you buy
more. Don't go
crazy. Everybody
went crazy. Last
night, I
recommended
Tenet Healthcare
(THC).
The stock opened
up 20 points.
That's no fun.
We're not going
to play that
game anymore.
So,
understand...
we've got some
options..
If you want to
know which
direction the
market's going
to go, you want
to follow two
stocks... One is
Apple (AAPL).
That's been our
tell, ever since
it got to $93.
It's my favorite
of the growth
stocks, because
it made every
metric and then
some. The other
stock you need
to follow is a
little more
complicated.
It's
Mastercard
(MA),
because that
stock was up
$25. If it goes
up another $10,
you need to sell
that too.
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