Tuesday, August 23, 2011

Interview & The Day Ahead - Tuesday, Aug. 23

Late posting tonight after a lengthy couple phone interviews tonight after practice.  They went very well and it may cause a tough decision down the road.  The pay isn't great and it's at a Division 3 school, but i would have much more responsibility and would be in a much better location...a major city where I would know a lot more people and not to far where I went to college.  So, I got that going for me.....

Regarding the market action.  The markets attempted to rally at the open, then fell apart, then attempted again, then fell apart again in the closing minutes.  GS lead the charge lower in the closing minutes down 5 bucks and close on big volume to it's lowest point in two and a half years.   This points to a weak open on Tuesday, but maybe a good chance to buy the dip and play for an intraday reversal.

A few more to read:
Reuters:  The Day Ahead
USA Today:  Stunted Corn Crop could Raise Prices
Bespoke:  Earnings Season Big Movers (some real big bombs)
Business Insider:  Insider Selling at Groupon (not the best sign when there getting out BEFORE the IPO).
Business Insider:  10 Huge Questions about the Groupon IPO filing
TheStreet:  Apple the favorite among hedge funds
Morningstar High Conviction Buys
TraderPlanet:  The 2% Rule  
StockTwits:  The Reformed Broker:  Why Shorting can be tough  (but stocks seem to fall a lot easier than they rise!).
Yahoo:  Toyota introduces new Camry
Bloomberg:  Facebook seeks more aquisitions
Bloomberg:  Boeing backed up with inventory of Dreamliners

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