Thursday, November 19, 2009

A Stock Tip

Yesterday says that no one knows. We saw the same light whipsaw between a 10,472 top and a higher bottom at 10,320. The market is now poised to "make a decision," with the bias still to the call, and more upside, but a more hesitant buyer.


Tomorrow is November expiration day, and the Dow has been up 5 of the last 6 years.

27 states have banned texting while driving, but 25 states offer traffic updates via Twitter :)

6% of British women say they have never had sex while sober.
Frightening, but these are facts.

As is this: http://www.nydailynews.com/opinions/2009/11/15/2009-11-15_the_worst_is_yet_to_come_unemployed_americans_should_hunker_down_for_more_job_lo.html
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We believe part of why the OEX has exceeded normal resistance trade ranges in the move up is because we have seen an influx and shift of funds to blue chips, which have driven the index up.
This drives up the Dow. This move to Blue Chips works well with how we trade at www.bluechipoptions.com, and it's interesting what a "blue chip stock" can be by definition.

As an example of our Blue Chip service we thought we would share a new recommendation, what a preferred subscriber would be receiving:

Here's your stock tip.

For investors seeking dividend and long term return we are ready to buy Leggett and Platt (LEG)
Study this company: http://www.leggett.com/
It's in classic restructuring:
1. No longer growing from acquisition, but from streamlining
2. Yields 5.1%, and company has raised dividend for 38 years
3. This could rise to the 28.00 range in a year, return a dividend, and be a great value stock investment.
4. Watch for any consolidation and slight dip and buy LEG at market price, with a stop loss at 17.00